K E C International Ltd's Q4FY18 consolidated net profit rises 34.89% yoy to Rs196.31cr : In-line with Estimates

The company’s consolidated revenue stood at Rs3,664.17cr, up 28.6% yoy.

May 14, 2018 04:05 IST India Infoline Research Team

K E C International Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 3,664.17 28.6
EBITDA 369.89 22.8
EBITDA Margin (%) 10.1 [48]
Net Profit (adjusted) 196.31 34.9
***EBITDA margin change is bps


Reco. Price


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KEC international’s consolidated revenue increased by 28.6% yoy to Rs3,664.2cr from Rs2,849.2cr (net of excise duty) in Q4FY17. EBITDA grew by 22.8% yoy to Rs369.9cr from Rs301.1 cr in Q4FY17. Other expenses declined by 27.2% yoy. However, increase in raw material cost by 41.4% yoy led to EBITDA margin decline from 10.6% in Q4FY17 to 10.1% in Q4FY18. Depreciation decreased by 33% yoy to Rs27.5cr. Net profit increased by 34.9% yoy to Rs196.3cr during the quarter.

• Order book at the end of FY18 stood at Rs17,298cr (up37% yoy). The order intake for FY18 is up by 22% yoy to Rs15,098cr (excluding GST).
• The T&D division increased by 20.6% yoy to Rs2,775cr. Railways increased by 74.6% yoy to Rs359cr. Civil segment sales increased from Rs28cr vs Rs126cr.
• Cables segment de-grew by 8.4% yoy to Rs278cr. Solar segment revenue grew two-fold to Rs189cr vs Rs61cr.
• The company has reduced net working capital days to 93 days from 108 days in Q4FY17.
• The total net long term borrowings for the company currently stands at Rs1,538cr. 

Technical View:

K E C International Ltd is currently trading at Rs. 411.65, up by 10.4 points or 2.59% from its previous closing of Rs. 401.25 on the BSE.
The scrip opened at Rs. 406 and has touched a high and low of Rs. 413.90 and Rs. 397.50 respectively. So far 5,02,222 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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