KEC International Reports Strong Q1 FY26 Performance with Healthy Revenue Growth and Lower Debt

KEC INTL
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In the first quarter ending June 30, 2025, KEC International Ltd recorded a year-to-date (YTD) order intake of ₹5,517 crore, led primarily by its Transmission & Distribution (T&D) and Civil engineering segments. The company’s total order book now stands at ₹34,409 crore, with additional contracts worth over ₹6,000 crore where KEC has emerged as the lowest bidder (L1), further strengthening its project pipeline.

As of June 30, 2025, the company’s net debt, including acceptances, stood at ₹5,348 crore, marking a reduction of approximately ₹250 crore compared to the same period last year. This achievement comes despite a revenue increase of over ₹2,000 crore in the trailing 12 months, representing an 11% growth—a sign of prudent financial management and disciplined capital allocation.

Net Working Capital (NWC) reached 128 days at the end of Q1 FY26, compared to 122 days in the previous year. The slight uptick is attributed to the scale of ongoing projects, yet remains within the company’s targeted range as it continues to optimize execution timelines and receivables management.

Commenting on the quarterly performance, Vimal Kejriwal, Managing Director and CEO, stated “We have commenced the financial year on a positive trajectory, delivering robust revenue and a substantial rise in profitability. Even amid ongoing challenges such as labor shortages and global uncertainties, our focus on operational execution and financial discipline has resulted in double-digit growth and a notable decline in debt. Both PBT and PAT have risen by over 40%, reflecting improved margins and efficiency. Our diversified order book, a healthy pipeline, and L1 position in contracts worth over ₹40,000 crore place us in a strong position for sustained performance in the upcoming quarters.”

KEC International Ltd, a flagship company of the RPG Group, is a leading global player in the infrastructure EPC space. The company operates across key verticals, including Power Transmission & Distribution, Civil Construction, Railways, Urban Infrastructure, Renewables, Oil & Gas Pipelines, and Cables. With a presence in over 110 countries, KEC is known for executing complex, large-scale infrastructure projects globally.

Founded in 1979, RPG Enterprises is among India’s most rapidly expanding conglomerates, with a turnover of USD 5.2 billion. Its portfolio spans across Infrastructure, Tyres, Pharmaceuticals, Information Technology, and Specialty sectors, with a growing focus on innovation-led and technology-driven businesses.