KEC International Ltd., a leading global infrastructure EPC firm and part of the RPG Group, announced solid financial results for the second quarter (Q2 FY25) and half year (H1 FY25) ending September 30, 2024.
KEC International reported strong financial growth, with its order intake reaching Rs. 13,482 crore—a 50% increase from the previous year. The total order book now stands at Rs. 34,088 crore, along with an additional Rs. 8,500 crore in the pipeline.
Financially, the company reduced its net debt to Rs. 5,265 crore as of September 30, 2024, marking a Rs. 1,074 crore reduction compared to the previous year, despite a 12% revenue increase over the last 12 months. Net working capital has also improved, standing at 130 days, a reduction of 3 days from the previous year.
Vimal Kejriwal, MD & CEO of KEC International, noted, “We are pleased with our strong quarterly performance, highlighted by revenue growth, increased profitability, and a substantial debt reduction. Despite challenges such as labor shortages and geopolitical uncertainties, we have maintained steady growth. Our order intake and order book have reached record highs, providing clear visibility for continued growth through the remainder of the year and into next.”
KEC International is a major global player in Engineering, Procurement, and Construction (EPC), with operations spanning Power Transmission, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. The company operates in over 30 countries and has a presence in more than 110 nations.
Founded in 1979, RPG Enterprises is one of India’s rapidly expanding business groups, with a turnover of USD 4.8 billion. The group has interests in Infrastructure, Tyres, Pharmaceuticals, IT, and emerging technology sectors.
