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.”

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