KEC International Ltd announced a strong financial performance for the third quarter ending December 31, 2024, with a 33.8% year-on-year (YoY) increase in net profit, reaching ₹129.6 crore. This compares to ₹96.9 crore in the same quarter of the previous fiscal year. The company’s revenue from operations grew by 6.8%, rising to ₹5,349.4 crore from ₹5,006.7 crore in Q3 FY24.
EBITDA for the quarter rose by 21.6%, reaching ₹374.4 crore, compared to ₹307.9 crore in the previous year. The EBITDA margin improved to 7% from 5.2% in Q3 FY24. Profit Before Tax (PBT) stood at ₹160 crore, a notable increase from ₹121 crore in the previous year, with the PBT margin improving to 3.0% from 2.4%. The company’s interest expense as a percentage of revenue slightly reduced to 3.2%, from 3.3% last year.
In terms of order intake, KEC International secured over ₹22,000 crore, reflecting a 70% YoY growth. The company’s total order book stands at ₹37,440 crore, with an L1 position exceeding ₹4,000 crore. Net debt, including acceptances, amounted to ₹5,574 crore as of December 31, 2024, showing a reduction of ₹471 crore from the previous year. However, net working capital increased to 134 days from 129 days in the same period last year.
Vimal Kejriwal, MD & CEO of KEC International, commented, “We are pleased with the strong performance, with significant growth in profitability, record order intake, and a robust order book. Despite challenges like manpower shortages and geopolitical uncertainties, we’ve seen growth in our revenues. Our EBITDA margin improved by 80 basis points, and we remain optimistic about the outlook for all our major businesses. With a solid and diversified order book, improved execution visibility, and a strong tender pipeline, we are well-positioned for continued growth in the quarters ahead.”
KEC International is a leading global infrastructure EPC company, operating across Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables sectors. The company has a presence in more than 30 countries and operates in over 110 countries. It is part of RPG Enterprises, a diversified business group with interests in Infrastructure, Tyres, Pharma, IT, and Specialty sectors, with a turnover of US$ 4.8 billion.
