India's Kalpataru Projects rises after Q1 profit, revenue increase

Kalpataru Projects International

12/08/2026 08:15

** Shares of construction and engineering firm Kalpataru Projects International KAPT.NS gain about 8% to 1,454.2 rupees, biggest pct jump since April 21, 2025
** Stock touches highest level in over a month
** Co reports 44.9% rise in Q1 consol net profit to 3.1 billion rupees ($32.5 million); revenue up 3.9% to 6.41 billion rupees
** Emkay assumes coverage with "buy" rating, TP of 1,650 rupees; remains long-term positive on KAPT, owing to focus on securing large high-margin orders, improving execution, maintaining effective working capital control, exiting noncore businesses
** KAPT positioned to capture domestic transmission and distribution upcycle, while de-risking through high-growth non-T&D verticals with buildings and factories segment and oil and gas segment--Ambit ("buy", raises TP to 1,682 rupees from 1,653 rupees)
** YTD, stock up 21.27%
     
($1 = 95.4200 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))