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KEC International bags new orders across businesses
Heavy Electrical Equipment company KEC International announced Q1FY25 results:
Consolidated:
- Revenue: Rs 4,512 crore against Rs 4,244 crore
- EBITDA: Rs 294 crore against Rs 244 crore
- EBITDA Margin: 6.5% against 5.8%
- Interest as % to Revenue: 3.4% against 3.7%
- PBT: Rs 112 crore against Rs 47 crore
- PBT Margin: 2.5% against 1.1%
- PAT: Rs 88 crore against Rs 42 crore
- PAT Margin: 1.9% against 1.0%
- Order Intake: YTD Order intake of Rs 7,664 crore, stellar growth of over 70% YoY.
- Order Book: YTD Order Book of Rs 32,715 crore; Additionally, L1 of over Rs 9,500 crore
- Net debt including Acceptances stand at Rs 5,596 crore as on 30th Jun’24, a reduction of more than Rs 100 crore visà-vis 30th Jun’23, despite a Revenue growth of ~Rs 2,000 crore, i.e., 11% in trailing 12 months.
- Net Working Capital (NWC) stands at 122 days as on 30th Jun’24 vis à vis 119 days as on 30th Jun’23.
Standalone:
- PAT Margin: 0.8% against 0.1%
- PAT: Rs 32 crore against Rs 4 crore
- PBT Margin: 1.1% against 0.1%
- PBT: Rs 43 crore against Rs 5 crore
- Interest as % to Revenue: 3.5% against 3.7%
- EBITDA Margin: 5.1% against 4.6%
- EBITDA: Rs 198 crore against Rs 169 crore
- Revenue: Rs 3,888 crore against Rs 3,701 crore
Vimal Kejriwal, MD & CEO, KEC International commented, “We have delivered a strong performance in an election quarter, marked by significant growth in profitability, record order inflows and highest ever order book. Despite challenges such as the acute manpower shortage, we have achieved growth in our Revenues. Our EBITDA margins continue to strengthen, showing an improvement every quarter, with margins increasing by 70 basis points, from 5.8% in Q1 FY24 to 6.5% in Q1 FY25. With a record order book & L1 position of over Rs 42,000 crore, coupled with a promising tender pipeline, we are well positioned to deliver sustained growth in the coming quarters.”
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