KEC International Q2 Results | Net profit surges 53% to ₹85 crore, revenue up 14% to ₹5,113 crore
In the corresponding quarter of the previous fiscal, KEC International posted a net profit of ₹55.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 13.7% to ₹5,113.3 crore as against ₹4,499 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA rises 16.7% to ₹320.2 crore in the second quarter of this fiscal over ₹274.4 crore in the corresponding period in the previous fiscal.
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EBITDA margin stood at 6.3% in the reporting quarter as compared to 6.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
KEC International reported a 50% year-to-date growth in order intake, reaching approximately ₹13,500 crore. This brings the company’s order book, combined with L1 status orders, to a record high of over ₹42,500 crore.
The company also reduced its net debt, including acceptances, by ₹1,074 crore to ₹₹5,265 crore as of September 30, 2024, despite a 12% revenue increase of about ₹
2,000 crore over the past 12 months. Net working capital improved slightly, decreasing to 130 days, down three days from the previous year.
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For Q2 FY25, KEC’s interest expense as a percentage of revenue fell to 3.3% from 4.0%, while profit before tax rose to ₹113 crore from ₹66 crore, improving the Profit Before Tax margin to 2.2% from 1.5% year-over-year.
Vimal Kejriwal, MD and CEO of KEC International said, “We are pleased with a solid quarterly performance, marked by robust revenue growth, increase in profitability and a substantial reduction in debt levels.
Despite challenges like ongoing manpower shortages and geopolitical uncertainties, we have maintained consistent revenue growth. Our PBT margins have increased by 70 basis points, to 2.2% in Q2 FY25 from 1.5% in
Q2 FY24.”
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The results came after the close of the market hours. Shares of KEC International Ltd ended at ₹973.00, down by ₹28.70, or 2.87% on the BSE.
