Kalpataru Power Transmission Q1 net jumps nearly 3-fold to Rs 78 cr
Kalpataru Power Transmission Ltd (KPTL) on Tuesday reported a nearly three-fold jump in consolidated net profit to Rs 78 crore for the June quarter, mainly on the back of higher revenues.
The company’s consolidated net profit stood at Rs 28 crore in the quarter ended June 30, 2020, it said in a BSE filing.
Total income rose to Rs 3,218 crore from Rs 2,335 crore in the year-ago period.
KPTL MD and CEO Manish Mohnot said, “Despite lockdowns and challenges due to the severe second wave of COVID-19, KPTL… delivered sustainable performance in the first quarter of the fiscal.”
