InvestorQ : How were the quarterly results of Kalpataru Power for Q4FY22?
Arya Nanda made post

How were the quarterly results of Kalpataru Power for Q4FY22?

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Anjana Aiyar answered.
2 months ago
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For the March 2022, Kalpataru Power reported 1.2% growth in sales revenues yoy at Rs4,135 crore. For FY22 full year, revenues were up 14.12% at Rs14,777 crore. During the quarter, Kalpataru saw a surge in input costs and manpower costs in the EPC business. This resulted in EPC business EBIT down -40.6% at Rs196 crore. During the year, Kalpataru saw sharply lower net cash from operations due to a spike in trade receivables. This has led to additional funds locked up in the working capital cycle.

Kalpataru Power

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 4,135.00

₹ 4,086.00

1.20%

₹ 3,889.00

6.33%

Net Profit (Rs cr)

₹ 107.00

₹ 174.00

-38.51%

₹ 270.00

-60.37%

Diluted EPS (Rs)

₹ 7.19

₹ 11.68

₹ 18.13

Net Margins

2.59%

4.26%

6.94%

  

Net profits for the quarter were down -38.51% at Rs107 crore. Due to the sharp fall in profits of the EPC business, debt service coverage and interest service coverage fell sharply on a yoy basis. The working capital strain is evident from a fall in debtors turnover ratio and the inventory turnover in the fourth quarter. Net margins were 2.59% in Q4FY22 quarter compared to 4.26% in Q4FY21 and 6.94% in Q3FY22. Kalpataru has declared dividend of Rs.6.50 per share to shareholders, subject to approval.

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