KEC Strengthens Global Presence with ₹1,040 Crore T&D Orders

30 Nov 2024 , 09:29 PM

KEC International Ltd reported new orders of value ₹1,040 crore under its Transmission and Distribution (T&D) business on November 29, 2024. The orders comprise the supply of towers, hardware, and poles to customers in the Americas and construction of 220 kV transmission lines in the CIS region.

Such wins position KEC even stronger in the international market, mainly the CIS region, and denote increasing demand in the American T&D market.

SAE Towers, KEC’s subsidiary won several orders across the USA, Mexico, and Brazil indicating positive traction in the region. The year-to-date order intake of the company has surpassed ₹17,300 crore and is up by an impressive 75% from last year’s corresponding period.

“These orders further strengthen KEC International’s global presence as well as the T&D order book,” said the Managing Director and CEO, Vimal Kejriwal.

In Q2 FY25, it reported a 53% year-on-year increase in net profit at ₹85.4 crore against ₹55.8 crore in the previous fiscal.  Revenue from operations increased by 13.7% YoY to ₹5,113.3 crore with EBITDA increasing 16.7% to ₹320.2 crore improving margins to 6.3%.

KEC brought its net debt down by ₹1,074 crore to ₹5,265 crore as of September 30, 2024. Achieving a 12% revenue growth over the last year it was able to do. Net working capital improves three days to 130 days; interest expense as a percent of revenue is reduced to 3.3% versus 4.0%. Profit Before Tax (PBT) increased significantly to ₹113 crore from ₹66 crore, with PBT margins improving to 2.2% from 1.5% year-over-year.