KEC International Ltd, a global infrastructure EPC company and part of the RPG Group, has announced its financial results for the fourth quarter and full year ended March 31, 2025 (Q4 FY25 and FY25). KEC International Ltd reported a strong performance in order intake for the financial year ending March 31, 2025. The company secured orders worth ₹24,689 crore during FY25, reflecting a robust year-on-year growth of over 36%. This growth underscores KEC’s continued success in winning strategic projects across its key business verticals.
In addition to its achievements in FY25, KEC has already recorded fresh order wins of over ₹2,000 crore in the early part of FY26. This momentum highlights the company’s ability to maintain a strong inflow of new business, further reinforcing its competitive position in the infrastructure and EPC sectors.
As of March 31, 2025, KEC’s consolidated order book stood at ₹33,398 crore. This includes confirmed projects across multiple business lines and geographies. Moreover, the company’s total pipeline—factoring in both confirmed orders and projects where it holds the lowest bidder (L1) status—now exceeds ₹40,000 crore.
From a financial perspective, KEC has continued to improve capital efficiency. Net debt, including acceptances, was brought down to ₹4,558 crore as of March 31, 2025. This reduction of over ₹500 crore was achieved despite a revenue increase of approximately ₹2,000 crore during the year, reflecting a disciplined approach to financial management.
Net Working Capital (NWC) stood at 122 days at the end of FY25, compared to 112 days as of March 31, 2024. While this reflects a modest increase, it remains within a manageable range and is supported by the company’s strong order inflows and continued focus on operational discipline. The Board of Directors has recommended a dividend of ₹5.50 per equity share for FY25, amounting to 275% of the face value of ₹2 per share.
Vimal Kejriwal, Managing Director and Chief Executive Officer of KEC International Ltd, stated “We have delivered record performance in terms of revenue, profitability, and order acquisition. EBITDA margins have improved consistently, with Q4 FY25 reaching 7.8%, a 150 basis point increase from 6.3% in Q4 FY24. Profit Before Tax and Profit After Tax have grown by 71% and 65% respectively. Focused cash flow and working capital management contributed to a significant reduction in debt and interest expenses. The strengthened order book, supported by strategic wins, has taken our combined confirmed and L1 order pipeline beyond ₹40,000 crore. With a robust tender pipeline, KEC is well positioned for sustained and profitable growth in the upcoming quarters.”
KEC International is a leading global EPC company with a presence across Power Transmission and Distribution, Civil Infrastructure, Transportation, Renewables, Oil and Gas Pipelines, and Cables. The company operates in over 110 countries and is the flagship entity of the RPG Group. Founded in 1979, RPG Enterprises is one of India’s rapidly growing conglomerates with a turnover of USD 4.8 billion. The group has diversified interests in Infrastructure, Tyres, Pharmaceuticals, Information Technology, and emerging innovation-driven sectors.
