KEC International steady after Q3 revenue rises to Rs3,340cr

1 Feb 2022 , 10:45 AM

KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, recorded lower consolidated profit at Rs94cr in Q3FY22 against Rs145cr in Q3FY21.

The company’s revenue in the December 31 ended quarter of 2021 rose to Rs3,340cr from Rs3,289cr yoy. EBITDA stood at Rs239cr against Rs299cr. EBITDA Margin: 7.2% against 9.1%. Profit Before Tax (PBT) at Rs122cr against Rs199cr.

Revenue for 9MFY22 stood at Rs9,467cr against Rs8,754cr. EBITDA at Rs652cr against Rs787cr, EBITDA Margin: 6.9% against 9.0%. PBT at Rs325cr against Rs490cr. PAT at Rs251cr against Rs358cr. PAT Margin: 2.7% against 4.1%.

Ata round 11.48 am, KEC International Ltd was trading at Rs497.70 per share up by Rs3.85 or 0.78% from its previous closing of Rs493.85 per share on the BSE.

During Q2FY22, there was an exceptional write-off of Rs44cr against a legacy arbitration case in South Africa.
Considering this impact, the PBT and PAT are as below:

• PBT: Rs282cr against Rs490cr
• PBT Margin: 3.0% against 5.6%
• PAT: Rs220cr against Rs358cr
• PAT Margin: 2.3% against 4.1%

Order Intake and Order Book:

• Order Intake: Highest ever YTD Order Intake of Rs14,121cr, a staggering growth of more than two times against last year
• Order Book: YTD Order Book of Rs24,401cr, a robust growth of 36% yoy; L1 of over Rs4,000cr.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a steady performance for the quarter, amidst global uncertainties. Our Non T&D businesses such as Civil, Railways and Cables have delivered good performances during the quarter. The profitability has been impacted by the continued headwinds on account of elevated raw material costs and the continued delays in projects in SAE Brazil due to the pandemic and unusual rainfall in the region. We are pleased with the stellar growth in our order intake. With a strong focus on execution, robust order book + L1 of over Rs28,500cr and a strong tender pipeline, we are confident of concluding the year with a decent growth.”