KEC International reports PAT growth of 79 per cent
KEC International consolidated revenue for the quarter came in at Rs. 2,405 crore, registering 22.4 per cent yoy increase.
EBITDA for the quarter rose by 34.3 per cent yoy to Rs. 244.12 crore with a corresponding margin expansion of 90 bps. EBITDA margin for the quarter stood at 10.2 per cent.
The PAT for the quarter came in at Rs. 111.8 crore, yoy increase of 78.5 per cent. This was also due to doubling of other income to Rs. 12.3 crore from Rs. 6.98 crore in corresponding quarter of last year.
The company also inform bourses that it has won orders worth Rs. 2,035 crore. Out of this order railway segment has secured order worth Rs. 1,769 crore and the T&D business has secured an order of Rs. 161 crore. Rest order comes from civil, cable and solar division.
The company’s current order backlog stands at Rs. 17,148 crore. This provides good revenue visibility in coming fiscals.