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Kalpataru Projects International recorded a nearly three-fold rise in its consolidated net profit for the quarter ending June 2025, driven by a significant increase in revenues. The company posted a net profit of INR 213.59 crore, up from INR 83.95 crore during the same quarter last year. Total income also jumped to INR 6,187.52 crore from INR 4,608.5 crore year-on-year. In addition, the board approved an extension of the validity for a corporate guarantee in favour of its 65% subsidiary, Kalpataru IBN Omairah Company Ltd, not exceeding USD 65 million, up to mid-2026.
Riding on a strong revenue performance, Kalpataru Projects International has reported a sharp rise in its consolidated net profit for the quarter that ended recently. The company saw its net profit shoot up to INR 213.59 crore almost three times the INR 83.95 crore recorded during the same period last year, as per a stock exchange filing. Advertisement
The company's total income also witnessed a notable jump, reaching INR 6,187.52 crore compared to INR 4,608.5 crore a year earlier. This robust growth was a result of improved operational efficiencies and higher project execution, reflecting healthy business momentum across key verticals.
In a significant board decision during the past week, Kalpataru's management extended the validity of an earlier approval that allows it to provide a counter bank guarantee, standby letter of credit, or corporate guarantee to lenders of Kalpataru IBN Omairah Company Ltd a subsidiary in which it holds a 65% stake. The revised approval is now valid through the end of June 2026, with a financial ceiling of up to USD 65 million. The Board has delegated authority to the Executive Committee to oversee this arrangement going forward.
Kalpataru IBN Omairah Company Ltd operates in the Middle East, and the guarantee will support ongoing project funding and financial commitments in the region, underscoring Kalpataru Projects' expanding global footprint. The parent company has been increasing its exposure to international infrastructure markets, especially in power transmission and distribution, civil works, and pipeline sectors.
Source PTI
5th Jun, 2025
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