Kalpataru Power Transmission surges on reporting 18% rise in Q2 consolidated net profit
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Kalpataru Power Transmission is currently trading at Rs. 506.60, up by 6.80 points or 1.36% from its previous closing of Rs. 499.80 on the BSE.
The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 516.10 and Rs. 498.95 respectively. So far 19625 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 516.10 on 11-Nov-2022 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. 516.10 and Rs. 476.90 respectively. The current market cap of the company is Rs. 7543.74 crore.
The promoters holding in the company stood at 51.55%, while Institutions and Non-Institutions held 41.91% and 6.55% respectively.
Kalpataru Power Transmission reported results for second quarter ended September 30, 2022.
The company has reported rise of 67.57% in its net profit at Rs 62.00 crore for Q2FY23 as compared to Rs 37.00 crore for the corresponding quarter previous year. However, total income of the company decreased by 5.49% to Rs 1549.00 crore for the quarter under review as compared to Rs 1639.00 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 18.07% in its net profit at Rs 98.00 crore for the quarter under review as compared to Rs 83.00 crore for the same quarter in the previous year. Total income of the company increased by 6.88% to Rs 3808.00 crore for the quarter under review as compared to Rs 3563.00 crore for the same quarter in the previous year.
