Rs 30,553 crore orders in just 1 year: This mid-cap company delivers robust revenue growth; declares stellar dividend!
The company has been declared as L1 (Lowest Bidder) for orders of over Rs 3,500 crore.
KEC International Ltd., a global infrastructure EPC major and a RPG Group Company, today announced its results for the fourth quarter (Q4FY23) and full year (FY23) ended March 31, 2023.
Details below:
The company delivered robust revenue growth of 29 per cent QoQ in Q4FY23 and 26 per cent YoY in FY23. The FY23 order intake of Rs 22,378 crore is a stellar growth of 30 per cent YoY. The order book as of March 31, 2023, of Rs 30,553 crore, a robust growth of Rs 29 per cent YoY. Additionally, it got declared as L1 bidder for orders of over Rs 3,500 crore.
The company also has a dividend of 150 per cent or Rs 3 per equity share, having a face value of Rs 2 each.
Today, shares of KEC International Ltd surged 1.22 per cent to an intraday high of Rs 507.10 per share from its previous closing of Rs 501. Currently, shares of the company are trading in the green, up 0.62 per cent to Rs 504.10 per share.
KEC International Limited is a power transmission company which is involved in the design, manufacture, supply and construction of turnkey projects of power transmission lines. It is the flagship company of the RPG Group established in 1979. The shares of the company saw a spurt in volume by more than 2 times on BSE.
The stock gave multibagger returns of over 150 per cent in just 2 years. Investors should keep an eye on this Mid-Cap company for upcoming trading sessions.