KEC International Ltd. Delivers Robust Performance across Parameters for Q2 and H1 FY25

27 Nov 2024

KEC International Ltd., a global infrastructure engineering, procurement, and construction (EPC) major and part of the RPG Group, reported strong financial results for the second quarter (Q2 FY25) and first half (H1 FY25) ending September 30, 2024. The company demonstrated significant growth in revenue, profitability, and order realisation, underscoring its resilience and market leadership in infrastructure development.

Consolidated Financial Highlights

Q2 FY25

• Revenue: ?5,113 crore, a growth of 14% compared to ?4,499 crore in Q2 FY24.

• EBITDA: ?320 crore, with a margin of 6.3%, higher than 6.1% in Q2 FY24.

• Profit before Tax (PBT): ?113 crore, up from ?66 crore, reflecting a margin increase to 2.2%.

• Profit after Tax (PAT): ?85 crore, a substantial 53% increase from ?56 crore in Q2 FY24.

*H1FY25

• Revenue: ?9,625 crore, up 10% from ?8,743 crore in H1 FY24.

• EBITDA: ?615 crore, leading to a margin of 6.4% as against 5.9% in H1 FY24.

• PAT: ?173 crore, a 76% surge from ?98 crore in H1 FY24.

* EBITDA for H1FY25 includes an amount of Rs. 24 Cr received towards an arbitration award.

Operational Highlights

• Order Intake: Year-to-date order receipts stood at ?13,482 crore, registering a growth of 50% year-on-year.

• Order Book: The company’s order book has reached an all-time high, with total orders worth over ?42,500 crore, including confirmed orders and L1 positions.

• Debt & Capital Management: Net debt was reduced by ?1,074 crore year-on-year, now at ?5,265 crore, underscoring strong financial discipline and effective cash flow management.

Management Comment

Mr. Vimal Kejriwal, Managing Director and CEO, KEC International Limited, said, ‘‘We are pleased with a solid quarterly performance, marked by robust revenue growth, increase in profitability and a substantial reduction in debt levels. Despite challenges like ongoing manpower shortages and geopolitical uncertainties, we have maintained consistent revenue growth. The uptick in order intake has resulted in our order book + L1 being at a record high of over Rs. 42,500 crore. With this formidable order book and a promising pipeline of tenders, we have a clear visibility of growth in the balance quarters of this year and next year as well’’