KEC International (KEC) is one of the EPC majors in key infrastructure sectors such as power T&D, railways, civil, urban infrastructure, solar, smart infrastructure, oil & gas pipelines and cables. A strategic shift in portfolio from T&D to non-T&D (13% contribution in FY16 increased to 50% in FY22) T&D diversified across countries with entry in ~20 countries in last five years
Q4FY22
KEC reported a weak set of Q4FY22 numbers. Revenue declined marginally by 2% YoY to ₹ 4274.8 crore on account of lower execution on T&D segment EBITDA was at ₹ 251.7 crore, down 29% YoY with margins at 5.9%, impacted by business mix, SAE project headwinds and higher input cost Consequently, adjusted PAT came in at ₹ 112 crore, down 42.3% YoY FY22 order inflows came in highest ever at ₹ 17203 crore
Heavy electrical equipment company KEC International announced Q1FY24 results:
Consolidated Q1FY24 vs Q1FY23:
Revenue: Rs 4,244 crore against Rs 3,318 crore
EBITDA: Rs 244 crore against Rs 168 crore
EBITDA margin: 5.8% against 5.1%
Interest as % to revenue: 3.7% against 3.0%
PBT: Rs 47 crore against Rs 37 crore
PBT margin: 1.1% against 1.1%
PAT: Rs 42 crore against Rs 31 crore
PAT margin: 1.0% against 0.9%
Standalone Q1FY24 vs Q1FY23:
Revenue: Rs 3,701 crore against Rs 2,849 crore
EBITDA: Rs 169 crore against Rs 234 crore
EBITDA margin: 4.6% against 8.2%
Interest as % to Revenue: 3.7% against 2.6%
PBT: Rs 5 crore against Rs 136 crore
PBT margin: 0.1% against 4.8%
PAT: Rs 4 crore against Rs 100 crore
PAT margin: 0.1% against 3.5%
Vimal Kejriwal, MD & CEO, KEC International, commented, “We have delivered an impressive performance for the quarter with robust growth across Revenue, Profitability, and Order Intake. Our Topline has shown consistent growth, backed by healthy execution in both T&D and Civil businesses. We continue to deliver a sequential improvement in EBITDA margin quarter on quarter, with the margin improving by 140 bps in the last three quarters from 4.4% to 5.8%. We have successfully turned around our SAE Towers business and delivered a positive PBT for the quarter. Based on the strong order book L1 of over Rs 35,000 crore and a healthy tender pipeline, we are confident of delivering continued strong growth and improved margins in the coming quarters.”
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Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of K E C International Ltd was ₹ 679.25.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of K E C International Ltd stood at ₹ 17,462.70.