KEC International logs modest Q4 PAT of Rs194cr led by strong revenue; Stock jumps 2%

The company posted revenue of Rs4,361cr in the quarter under review, against Rs3,671cr in the corresponding period of the previous year.

May 12, 2021 12:05 IST India Infoline News Service

KEC International
KEC International recorded a stable bottom-line during the quarter ending March 2021 (Q4FY21) period. The company registered a net profit of Rs194cr in Q4FY21 compared to Rs193cr a year ago same period.

The company's PAT stood modest led by strong growth recorded in the top-line front.

The company posted revenue of Rs4,361cr in the quarter under review, against Rs3,671cr in the corresponding period of the previous year.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are pleased that we have ended the year on a good note with a growth in revenue and order intake, amidst a challenging environment. Our Non-T&D businesses namely Railways and Civil have been the primary growth drivers for the year. Despite the significant challenges, we have been able to maintain our Profit After Tax (PAT) for the quarter at the same level of the corresponding quarter."

Kejriwal added, "Our focus on cash flows and working capital stands unabated, which is reflected in the significant reduction in the interest cost and debt levels during the year. Our robust order book, geographical & business portfolio diversification, and asset light model is paying off well in the current environment. With an order book and L1 pipeline of over Rs. 25,000 crore, we are confident of delivering a good growth in FY22.”

The company's board recommended a Dividend of Rs. 4/- per equity share i.e. 200% of the face value of Rs. 2/- each for FY21 – Total Outflow of Rs. 103 crore.

At around 12.36 am, KEC International was trading at Rs387.45 per piece up by 1.7% on Sensex. 

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