Kalpataru project: Sales offer for Vindhyachal Expressway unveiled

Kalpataru project: Sales offer for Vindhyachal Expressway unveiled

Recently it was announced that Kalpataru Projects International Ltd. his entire participation in the subsidiary Vindhyachal Expressway to Actis Atlantic Holdings Limited for 775 Crore INR. This decision caused a sensation among the investors and led to the company's shares on October 9, 2024 initially reached a maximum at 1,364.30 INR. Despite this tender, the values leveled off at 1,324.70 INR until noon, which is a slight increase in 0.09%.

The transaction is now subject to the necessary permits and the fulfillment of certain requirements. According to the director of Kalpataru, Amit Uplenchwar, the company shows a strong performance and is aiming for ambitious goals for the 2024-25 financial year, with a forecast supply supply of 22,000 to 23,000 crore inr.

financial expectations and challenges

A look at the financial results shows that Kalpataru achieved sales of 4,587 crore inr in the first quarter, which corresponds to an increase of 8.2% compared to the previous quarter. However, there were also declines in the profit margins and the net profit. The net profit fell by 19% to 93 Crore INR. The predicted profit margin before tax is 4.5% to 5%, with the independent margin being 4.4% in the first quarter

Some business areas, in particular the water management, which depends heavily on state contracts, did not meet the sales forecasts. Nevertheless, a recovery in these areas is expected for the third and fourth quarters.