KEC International Q4FY18 PAT jumps 35 per cent

KEC International, a global infrastructure EPC major, an RPG Group company, reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs. 3,664.17 crore, registering 27 per cent yoy increase.

The company’s Railways and Civil business have seen jump in revenue by 74.6 per cent yoy and 346 per cent yoy, whereas its Transmission & Distribution business have seen growth of 20.6 per cent yoy. Further, its solar business revenue jumped significantly by 211.5 per cent yoy.

EBITDA for the quarter rose by 22.8 per cent yoy to Rs. 369.89 crore with a corresponding margin contraction of 35 bps. EBITDA margin for the quarter stood at 10.1 per cent.

The PAT for the quarter came in at Rs. 196.31 crore, yoy increase of 35 per cent.

Looking at the full year numbers, we see that revenue jumped by 15 per cent to reach Rs. 10,096.37 crore while EBITDA rose by 23 per cent to Rs. 1,006.18 crore. The company reported net profit of Rs. 460.42 crore, up 51 per cent yoy.

The company’s order book as on March 31, 2018 stood at Rs. 17,298 crores, up by 37 per cent yoy. Also, total order intake for FY18 stood at Rs. 15,098 crore, growth of 22 per cent yoy.

During the ongoing fiscal (FY19), the company has secured new orders of Rs. 1,392 crore across its various businesses. The Board of Directors have recommended a dividend of Rs. 2.40 per equity share of Rs. 2 each.

On Tuesday, the stock opened at Rs. 419 per share, up by almost 3 per cent from its previous close of Rs. 408.55. At 10:10, the stock was trading at Rs. 397.75 on the BSE.