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Kalpataru Power Transmission gains on reporting 22% rise in Q4 consolidated net profit
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Kalpataru Power Transmission is currently trading at Rs. 542.70, up by 5.25 points or 0.98% from its previous closing of Rs. 537.45 on the BSE.
The scrip opened at Rs. 539.00 and has touched a high and low of Rs. 551.30 and Rs. 535.50 respectively. So far 16257 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 597.15 on 13-Mar-2023 and a 52 week low of Rs. 332.30 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 551.30 and Rs. 516.00 respectively. The current market cap of the company is Rs. 8822.45 crore.
The promoters holding in the company stood at 47.24%, while Institutions and Non-Institutions held 44.68% and 8.08% respectively.
Kalpataru Power Transmission has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 5.56% rise in its net profit at Rs 152 crore for the quarter under review as compared to Rs 144 crore for the same quarter in the previous year. Total income of the company increased by 23.13% at Rs 4,418 crore for Q4FY23 as compared to Rs 3,588 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 21.74% rise in its net profit at Rs 140 crore for fourth quarter ended March 31, 2023 as compared to Rs 115 crore for the same quarter in the previous year. Total income of the company increased by 17.44% at Rs 4,896 crore for Q4FY23 as compared to Rs 4,169 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 51.71% rise in its net profit at Rs 531 crore as compared to Rs 350 crore for the previous year. Total income of the company increased by 15.55% at Rs 14,449 crore for year under review as compared to Rs 12,505 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 18.69% fall in its net profit at Rs 435 crore as compared to Rs 535 crore for the previous year. However, total income of the company increased by 10.33% at Rs 16,401 crore for year under review as compared to Rs 14,866 crore for year ended March 31, 2022.
