Macrotech Developers Ltd, Hikal Ltd, P I Industries Ltd, Dalmia Bharat Ltd are among the other stocks to see a surge in volumes on BSE today, 30 May 2023.

Kalpataru Power Transmission Ltd witnessed volume of 107.13 lakh shares by 10:45 IST on BSE, a 1505.19 times surge over two-week average daily volume of 7118 shares. The stock dropped 0.83% to Rs.502.85. Volumes stood at 8161 shares in the last session.

Macrotech Developers Ltd recorded volume of 32.15 lakh shares by 10:45 IST on BSE, a 19.66 times surge over two-week average daily volume of 1.64 lakh shares. The stock lost 0.72% to Rs.1,052.70. Volumes stood at 49868 shares in the last session.

Hikal Ltd registered volume of 1.31 lakh shares by 10:45 IST on BSE, a 7.51 fold spurt over two-week average daily volume of 17482 shares. The stock rose 10.65% to Rs.313.30. Volumes stood at 47925 shares in the last session.

P I Industries Ltd clocked volume of 1.01 lakh shares by 10:45 IST on BSE, a 7.1 times surge over two-week average daily volume of 14215 shares. The stock gained 0.24% to Rs.3,507.50. Volumes stood at 11562 shares in the last session.

Dalmia Bharat Ltd recorded volume of 24587 shares by 10:45 IST on BSE, a 5.71 times surge over two-week average daily volume of 4305 shares. The stock gained 2.42% to Rs.2,144.95. Volumes stood at 6529 shares in the last session.

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Kalpataru Power Transmission announced that its corporate name haschanged to “Kalpataru Projects International (KPIL)”, following the receipt of approvals from shareholders and regulatory authorities including the Ministry of Corporate Affairs. The name change is effective from 22 May 2023 and the Company will henceforth operate under the name “ Kalpataru Projects International Limited.

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Profit before exceptional items and tax declined 16.58% to Rs 166 crore in Q4 FY23 from Rs 199 crore posted in corresponding quarter last year.

During the quarter, exceptional items stood at Rs 54 crore. It includes provision of Rs 55 crore towards impairment in value of its investment in two wholly owned subsidiaries namely Kalpataru Power Transmission (Mauritius) and Shree Shubham Logistics.

Core EBITDA increased 38% to Rs 425 crore as compared with Rs 307 crore in Q4 FY22. EBITDA margin stood at 9.7% in Q4 FY23.

On full year basis, the company's net profit jumped 51.7% to Rs 531 crore on 15.6% rise in revenue from operations to Rs 14,337 crore in FY23 over FY22.

The order book stood at Rs 45,918 crore as on 31 March 2023 and additional L1 of Rs 4,000 crore. It has received additional new orders of Rs 1,229 crore in month of April 2023 and May 2023, Order inflows of Rs 4,114 crore till date in FY24.

Manish Mohnot, managing director & chief executive officer (CEO), KPTL said, “In FY23, we have strengthened our capabilities by expanding civil business in international markets, adding large size orders in T&D in India and international markets, and ventured into newer areas like airports, solar EPC, data centers etc.

The growing need for infrastructure development and higher adoption of renewables has resulted in a strong business momentum as we have secured record order inflows in FY23. We have a strong balance sheet and are continuously working on improving our working capital, return ratios and project closures along with divesting our non-core assets.”

Meanwhile, the board has recommended final dividend of Rs 7 per equity share for FY23, subject to approval by shareholders.

Further, the board has also approved the proposal for issuance of secured / unsecured redeemable non-convertible debentures upto Rs 300 crore in one or more tranches.

Kalpataru Power Transmission is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business. The company is currently executing projects in over 30 countries and has global footprints in 70 countries.

The scrip rose 0.88% to Rs 542.20 on the BSE.

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Kalpataru Power Transmission announced that the Board of Directors of the Company at its meeting held on 08 May 2023, has recommended a Final dividend of Rs.7 per share (i.e.350%), subject to the approval of the shareholders.

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