financetom
Business
financetom
/
Business
/
Kalpataru Power Transmission expects revenue growth of 15 to 20% in FY19
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kalpataru Power Transmission expects revenue growth of 15 to 20% in FY19
May 28, 2018 3:22 AM

Our current year order book target and fresh inflows is around Rs 9,000-10,000 crore and we believe 40% of it should, minimum, come from the international business, said Manish Mohnot, Managing Director, Kalpataru Power Transmission.

Mohnot said the company continue with a revenue guidance of 15-20% for FY19, as it’s just the beginning of the year.

He said, "We have some challenges coming out in terms of new accounting norms of Indian Accounting Standards (Ind AS) 115, which will get implemented from the current year."

"Given all of that, we believe 15-20% guidance is what we will achieve and we will continue to target our earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin in the range of 11% maybe slightly more than 11% and not lower than 11%,” he added.

Talking about revenue, Mohnot said, "We believe our revenue would grow much higher in railways and pipeline and not as much on transmission.”

“We expect transmission revenue to grow at the range of 10-15% and railways and pipeline to grow at the range of 15-25%, if not higher than that,” he further added.

Kalpataru Power Transmission continue to look at a strategic investor for its subsidiary, Shree Shubham Logistics. We do not have anything concrete as of today, Mohnot said.

Engineering firm Kalpataru Power Transmission has posted a good set of numbers. The company has also achieved its FY18 revenue growth guidance of 15%.

First Published:May 28, 2018 12:22 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kroger, Albertsons $25 bln deal halted until Colorado trial in September
Kroger, Albertsons $25 bln deal halted until Colorado trial in September
Jul 25, 2024
July 25 (Reuters) - The proposed $25 billion merger of Kroger ( KR ) and Albertsons ( ACI ) has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery prices, State Attorney General Phil Weiser said on Thursday. The trial is set to begin on Sept....
California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
Jul 25, 2024
July 25 (Reuters) - California's top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber ( UBER ) and Lyft ( LYFT ) to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits. The ruling by the California Supreme Court is a major...
RTX Rockets Past Estimates: Q2 Sales and EPS Surge, 2024 Outlook Brightens
RTX Rockets Past Estimates: Q2 Sales and EPS Surge, 2024 Outlook Brightens
Jul 25, 2024
RTX Corporation ( RTX ) shares are trading higher after the company reported second-quarter results and raised its 2024 outlook. RTX's adjusted net sales increase 8% year-over-year to $19.791 billion, beating the consensus of $19.28 billion. Adjusted EPS grew 9% to $1.41, above the consensus of $1.30. Collins Aerospace's sales were $6.99 billion (+10% Y/Y), driven by a 12% increase...
Tequila maker Becle pauses plant operations after deadly Mexico blast
Tequila maker Becle pauses plant operations after deadly Mexico blast
Jul 25, 2024
MEXICO CITY, July 25 (Reuters) - Mexico's Becle , the world's largest tequila producer, on Thursday said it had suspended operations at its plant in Tequila where a deadly explosion killed six people earlier in the week, until further notice. Becle said in a statement that it has been supporting the families of those who died. Turning to the financial...
Copyright 2023-2025 - www.financetom.com All Rights Reserved