KEC International's Q2 net profit zooms ~53% to ₹85 Crore

5 Nov 2024 , 09:15 AM

On Monday (November 4), infrastructure company KEC International Ltd reported a 53% YoY increase in net profit of ₹85.4 Crore for the second quarter ended September 30, 2024.

In the preceding fiscal quarter, KEC International reported a net profit of ₹55.8 Crore, according to a regulatory filing. The company’s revenue from operations climbed 13.7% to ₹5,113.3 Crore, up from ₹4,499 Crore in the previous fiscal year. 

EBITDA increased by 16.7% to ₹320.2 Crore in the second quarter of this fiscal year, up from ₹274.4 Crore in the same period last year. 

The EBITDA margin was 6.3% in the reporting quarter, up from 6.1% in the same period last fiscal year. 

KEC International has recorded a 50% year-to-date gain in order intake, reaching almost ₹13,500 Crore. The company’s order book, including L1 status orders, reached a record high of nearly ₹42,500 Crore.

The company reduced its net debt, including acceptances, by ₹1,074 Crore to ₹5,265 Crore as of September 30, 2024, despite a 12% revenue increase of over ₹2,000 Crore over the preceding 12 months. Net working capital improved somewhat, falling to 130 days, down three from the previous year.

In Q2 FY25, KEC’s interest expense as a proportion of revenue decreased to 3.3% from 4.0%. Profit before tax increased to ₹113 Crore from ₹66 Crore, resulting in a 2.2% margin from 1.5% year-on-year.

For feedback and suggestions, write to us at [e-mail]