Kalpataru Projects International Ltd. (KPIL) has posted a solid financial performance for the fourth quarter and full fiscal year 2024–25, driven by strong growth in its core engineering, procurement, and construction (EPC) business. The company’s consolidated net profit for Q4 surged over 29% to Rs. 218.17 crore, supported by a significant rise in revenue. For the fiscal year, total income exceeded Rs. 22,000 crore for the first time, while the company closed the year with its highest-ever order book at Rs. 64,495 crore. KPIL’s leadership remains optimistic about future growth, citing global trends in energy transition and infrastructure development.
Strong Quarterly Earnings Reflect Core Business Momentum
Kalpataru Projects delivered an impressive financial performance for the March quarter, with consolidated net profit reaching Rs. 218.17 crore, up from Rs. 168.68 crore in the same period last year. This growth of over 29% was largely fueled by improved margins and a rise in top-line revenues from the EPC segment.
Total income for the quarter stood at Rs. 7,079.93 crore, representing a year-over-year increase from Rs. 5,991.37 crore. Notably, revenue from the company’s core EPC operations jumped to Rs. 6,892.57 crore, up from Rs. 5,843.38 crore, underscoring the strength of Kalpataru’s diversified infrastructure portfolio.
Record Financial Year Performance and Dividend Announcement
For the full fiscal year 2024–25, KPIL reported a consolidated net profit of Rs. 567.27 crore, compared to Rs. 515.90 crore in the previous year. Annual total income rose to Rs. 22,378.26 crore, up from Rs. 19,690.42 crore—an increase of 13.7%, reflecting consistent growth across its domestic and international operations.
In recognition of this performance, the board has proposed a final dividend of Rs. 9 per equity share of face value Rs. 2 each—translating to a 450% payout. The dividend is subject to shareholder approval at the upcoming annual general meeting (AGM), with payment details to be announced in due course.
Strategic Order Wins Drive Historic Order Book
The company recorded fresh order inflows of Rs. 25,475 crore during the fiscal year, pushing its total order book to an unprecedented Rs. 64,495 crore as of March 31, 2025. These orders span a range of infrastructure sectors, including transmission and distribution (T&D), buildings and factories (B&F), metro rail tunneling, and airport projects.
Kalpataru’s ability to secure large-scale contracts across diverse geographies demonstrates its increasing influence in infrastructure development, both within India and globally.
Operational Efficiency and Profitability Metrics Improve
Managing Director and CEO Manish Mohnot highlighted the company’s strategic achievements in FY25, noting not just top-line growth, but significant gains in operational efficiency. KPIL achieved improved working capital performance, with net working capital at 94 days, and reported over 100 basis points improvement in return on capital employed (ROCE).
“Our focus on profitability, capital efficiency, and diversification has enabled us to close FY25 on a momentous note,” Mohnot said. He emphasized that the firm’s performance aligned with its stated goals for the year, including double-digit revenue growth, margin enhancement, and stronger returns for shareholders.
Leadership Continuity and Forward Guidance
In a move to ensure leadership continuity, the board approved the reappointment of Shailendra Kumar Tripathi as Deputy Managing Director for a three-year term beginning October 22, 2025. His reappointment, pending shareholder approval, reflects confidence in the executive team’s ability to steer the company through its next phase of expansion.
Looking ahead to FY26, KPIL remains bullish on the outlook, citing global trends in energy transition, decarbonization, and sustainable infrastructure as key growth drivers. The company expects continued order inflow and margin resilience, supported by robust domestic demand and international opportunities.
Conclusion: Positioned for Sustainable Expansion
Kalpataru Projects International has emerged as a formidable player in the infrastructure EPC sector, delivering strong financial results while laying the groundwork for long-term growth. With a record order book, operational improvements, and a clear focus on global infrastructure trends, the company is well-positioned to capitalize on emerging opportunities in both established and developing markets. As FY26 unfolds, KPIL’s blend of disciplined execution, strategic foresight, and sustainable practices could serve as a model for engineering firms navigating the complexities of a rapidly evolving global infrastructure landscape.
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