Transmission & Distribution Infra Company Secures Rs 1,423 Crore Order, Year-to-Date Orders Cross Rs 11,300 Crore – Stock Hits 52-Week High Today!
The company’s shares have delivered an impressive return of around 145 per cent to its shareholders.
KEC International Ltd, a global infrastructure EPC major and an RPG Group company, has secured new orders worth Rs 1,423 crore for the design, supply, and installation of 380 kV transmission lines in Saudi Arabia.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd, commented, “We are pleased with the continuous inflow of orders, especially in our T&D business. These orders from Saudi Arabia, along with earlier ones from the UAE and Oman, have further reinforced our leadership in the Middle East and significantly enhanced our international T&D order book. With these orders, our year-to-date (YTD) order intake stands at over Rs 11,300 crores, reflecting an impressive growth of approximately 75 per cent compared to last year."
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Currently, the shares of KEC International are trading at around Rs 996.35 per share on the BSE and hits 52-week high today. The company’s current market capitalization stands at Rs 25,615 crore. Additionally, the shares have delivered over 45 per cent in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, KEC International recorded a revenue of Rs 4512 crore compared to Rs 4244 crore. The operating profit stood at Rs 270 crore. The net profit stood at Rs 88 crore compared to a profit of Rs 42 crore. Looking at the annual performance, the company generated a revenue of Rs 19914 crore in FY24. The operating profit for FY24 was Rs 1353 crore with a net profit of Rs 347 crore compared to a net profit of Rs 176 crore in FY23.
According to the shareholding pattern of this Small-Cap company, the promoters hold a significant 51.88 per cent stake. Public investors own 10.16 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 12.66 per cent and Domestic Institutional Investors (DIIs) own 25.29 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.