Net profit of Kalpataru Power Transmission rose 30.57% to Rs 136.88 crore in the quarter ended March 2019 as against Rs 104.83 crore during the previous quarter ended March 2018. Sales rose 28.99% to Rs 2491.43 crore in the quarter ended March 2019 as against Rs 1931.44 crore during the previous quarter ended March 2018.

For the full year,net profit rose 24.63% to Rs 401.30 crore in the year ended March 2019 as against Rs 322.00 crore during the previous year ended March 2018. Sales rose 23.93% to Rs 7115.12 crore in the year ended March 2019 as against Rs 5741.20 crore during the previous year ended March 2018.

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Kalpataru Power Transmission announced that the Board of Directors of the Company at its meeting held on 09 May 2019, has recommended a Final dividend of Rs.3 per share (i.e.150%), subject to the approval of the shareholders.

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The announcement was made after market hours yesterday, 25 March 2019.

Meanwhile, the S&P BSE Sensex was up 395.28 points, or 1.05% to 38,204.19.

On the BSE, 7542 shares were traded in the counter so far compared with average daily volumes of 7159 shares in the past two weeks. The stock had hit a high of Rs 452.90 and a low of Rs 442 so far during the day. The stock hit a 52-week high of Rs 507 on 7 May 2018. The stock hit a 52-week low of Rs 268.50 on 29 October 2018.

Kalpataru Power Transmission (KPTL), through its wholly owned subsidiary, Kalpataru Power Transmission Sweden AB signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for an enterprise value of $24 million. The transaction expected to close in Q1 FY2020.

Founded in 1993, Linjemontage specializes in engineering, procurement and construction (EPC) and operations and maintenance (O&M) in power supply solutions and services for electricity networks up to voltage range of 400 kV. The company has three main business areas, comprising of EPC of substation, transmission & distribution networks and O&M of electricity network services. Linjemontage order book as on date is $77 million spread across Sweden and Norway.

Net profit of Kalpataru Power Transmission rose 22.30% to Rs 92.01 crore on 21.68% rise in net sales to Rs 1724.66 crore in Q3 December 2018 over Q3 December 2017.

Kalpataru Power Transmission (KPTL) is amongst the largest players firmly entrenched in the global power transmission and infrastructure EPC space.

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Kalpataru Power Transmission announced that its wholly owned subsidiary in Sweden, Kalpataru Power Transmission Sweden AB has entered into definitive Agreement to acquire Linjemontage i Grastrop AB, a Swedish EPC Company (LMG) headquartered in Grastrop, Sweden along with its two Wholly Owned subsidiaries.

The entities shall be acquired at an Enterprise value of approx. USD 24 million. The equity value and exact cost of acquisition will be derived onthe closing date.

The company through its wholly owned subsidiary will acquire 85% of share capital of LMG.

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