K E C International Ltd's Q3FY19 consolidated net profit rises 0.5% yoy to Rs112cr : Misses Estimates

The company’s consolidated revenue stood at Rs2,647cr, up 10% yoy and 9.9% qoq.

Jan 30, 2019 09:01 IST India Infoline Research Team

K E C International Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 2,647 10.1
EBITDA 281 15.2
EBITDA Margin (%) 10.6 48
Net Profit (adjusted) 112 0.5
***EBITDA margin change is bps

KEC International Ltd reported a slight miss in revenues and earnings for Q3FY19 after reporting moderate growth on the revenue front. Revenue grew by 10.1% yoy to Rs2,647cr (expectation Rs2,742cr). EBITDA stood at Rs281cr, up 15.2% yoy against estimates of Rs278cr. EBIDTA margin rose by 48bps yoy to 10.6%. Net Profit stood at Rs112cr against an estimate of Rs119cr.
  • EBITDA margins for Q3FY19 rose due to improved execution.
  • The company secured new orders worth Rs2,105cr during Q3FY19. The break up of the new orders are:
    • Transmission & Distribution - Rs1,584cr
    • Railways - Rs261cr
    • Civil - Rs116cr
    • Cables - Rs144cr
  • Interest costs rose by 52.7% yoy to Rs86cr in Q3FY19, contributing to the reduction in net margins.

Technical View:

K E C International Ltd ended at Rs. 238, up by 1 points or 0.42% from its previous closing of Rs. 237 on the BSE.
The scrip opened at Rs. 238 and touched a high and low of Rs. 238 and Rs. 238 respectively. A total of 1,277 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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