KEC delivers robust growth in profitability

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KEC delivers robust growth in profitability

KEC delivers robust growth in profitability

Industry News
Feb 04,25

Net debt including acceptances stand at Rs 55.74 billion as of Dec 31, 2024, a reduction of Rs 4.71 billion vis-à-vis Dec 31, 2023.

KEC delivers robust growth in profitability

KEC International Ltd., a global infrastructure EPC major, part of RPG Group, announced its results for the third quarter (Q3 FY25) and nine months (9M FY25) ended December 31, 2024.

Consolidated financial performance:

Standalone financial performance:

Q3 FY25 v/s Q3 FY24

9M FY25* v/s 9M FY24

· Revenue: 53.49 billion vs. 50.07 billion

· Revenue: 149.75 billion vs. 137.49 billion

· EBITDA: 3.74 billion vs. 3.08 billion

EBITDA Margin: 7.0% against 6.2%

Interest as % to Revenue: 3.2% against 3.3%

· EBITDA: 9.89 billion vs. 8.27 billion

EBITDA Margin: 6.6% against 6.0%

Interest as % to Revenue: 3.3% against 3.6%

· PBT: 1.60 billion vs. 1.21 billion

· PBT: 3.85 billion vs. 2.33 billion

· PAT: 1.30 billion vs. 970 million

· PAT: 3.03 billion vs. 1.95 billion

Q3 FY25 v/s Q3 FY24	*9M FY25 v/s 9M FY24**
· Revenue: 47.58 billion vs. 43.98 billion	· Revenue: 131.30 billion vs. 120.82 billion
· EBITDA: 2.81 billion vs. 2.11 billion EBITDA Margin: 5.9% against 4.8% Interest as % to Revenue: 3.2% against 3.3%	· EBITDA: 7.09 billion vs. 5.64 billion
· PBT: 930 billion vs. 560 million PBT Margin: 2.0% against 1.3%	EBITDA Margin: 5.4% against 4.7%
· PAT: 730 million vs. 0.44 billion	Interest as % to Revenue: 3.4% against 3.6%
PAT Margin: 1.5% against 1.0%	· PBT: 2.10 billion vs. 710 million
	PBT Margin: 1.6% against 0.6%
	· PAT: 1.63 billion vs. 550 million
	PAT Margin: 1.2% against 0.5%

*EBITDA for 9MFY25 includes an amount of Rs 240 million received towards an arbitration award. Consolidated order intake and order book:Order intake:YTD order intake of over Rs 220 billion, substantial growth of more than 70% YoY. Order book:YTD order book of Rs 374.4 billion; Additionally, L1 of over Rs 40 billion Consolidated net debt and net working capital: ? Net debt including acceptances stand at Rs 55.74 billion as of Dec 31, 2024, a reduction of Rs 4.71 billion vis-à-vis Dec 31, 2023. ? Net Working Capital (NWC) stands at 134 days as on 31 Dec’24 vis-à-vis 129 days as on 31 Dec’23. Vimal Kejriwal, MD & CEO, KEC International Ltd commented, “We have delivered a good performance for the quarter, reflected in the significant growth in profitability, record order intake and a robust order book. Despite challenges such as ongoing manpower shortages and geopolitical uncertainties, we achieved growth in our Revenues. Our EBITDA margins improved by 80 basis points, rising to 7.0% in Q3 FY25 compared to 6.2% in Q3 FY24. The outlook in all our major businesses remains optimistic. With a solid and diversified order book + L1 of over Rs 410 billion, improved execution visibility, benign cost environment and a substantial tender pipeline, we are well positioned to deliver sustained growth in the coming quarters.”