Kalpataru Reports Rs.1 Bn Net Loss in FY 2023-24
ECONOMY & POLICY

Kalpataru Reports Rs.1 Bn Net Loss in FY 2023-24

Kalpataru, a leading infrastructure development firm, reported a net loss of ?1 Bn crore for the fiscal year 2023-24. This significant downturn comes as the company prepares for an upcoming IPO, with hopes of stabilising its financial outlook.

The loss, attributed to a variety of operational challenges, marks a sharp contrast to its performance in previous years. Rising costs in raw materials, delays in project execution, and broader economic factors have been cited as major contributors to the company?s negative financial results.

Despite the loss, Kalpataru remains optimistic about its long-term growth prospects. The company has outlined a strategic plan to streamline operations, reduce expenses, and focus on completing existing projects. These efforts, coupled with the expected capital infusion from the upcoming IPO, aim to strengthen its financial position in the coming years.

Kalpataru is a key player in the infrastructure sector, involved in projects across urban development, power transmission, and transportation. The firm?s leadership emphasised that while FY24 was a challenging year, they remain confident in their ability to turn things around, with a strong project pipeline and new opportunities on the horizon.

As the company gears up for its IPO, investors are closely monitoring how Kalpataru addresses its financial challenges and whether it can return to profitability in the near future.

Kalpataru, a leading infrastructure development firm, reported a net loss of ?1 Bn crore for the fiscal year 2023-24. This significant downturn comes as the company prepares for an upcoming IPO, with hopes of stabilising its financial outlook. The loss, attributed to a variety of operational challenges, marks a sharp contrast to its performance in previous years. Rising costs in raw materials, delays in project execution, and broader economic factors have been cited as major contributors to the company?s negative financial results. Despite the loss, Kalpataru remains optimistic about its long-term growth prospects. The company has outlined a strategic plan to streamline operations, reduce expenses, and focus on completing existing projects. These efforts, coupled with the expected capital infusion from the upcoming IPO, aim to strengthen its financial position in the coming years. Kalpataru is a key player in the infrastructure sector, involved in projects across urban development, power transmission, and transportation. The firm?s leadership emphasised that while FY24 was a challenging year, they remain confident in their ability to turn things around, with a strong project pipeline and new opportunities on the horizon. As the company gears up for its IPO, investors are closely monitoring how Kalpataru addresses its financial challenges and whether it can return to profitability in the near future.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?