K E C International Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

EBITDA improved by 17% YoY to Rs 320 crore in the second quarter. EBITDA margin for Q2 FY25 was 6.3% as against 6.1% in Q2 FY24.

Profit before tax in Q2 FY25 stood at Rs 113 crore, up by 72% from Rs 66 crore in Q2 FY24.

On a year-to-date (YTD) basis, the company’s consolidated order intake was Rs 13,482 crore, up 50% YoY. YTD order book was Rs 34,088 crore, with L-1 orders aggregating to Rs 8,500 crore.

As of 30 September 2024, net debt, including acceptances, stood at Rs 5,265 crore, a decrease of Rs 1,074 crore compared to the previous year.

Furthermore, the company's net working capital (NWC) has improved, declining to 130 days as of 30 September 2024, a three-day reduction from the previous year.Vimal Kejriwal, MD & CEO, KEC International, commented: “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. Our PBT margins have increased by 70 basis points, to 2.2% in Q2 FY25 from 1.5% in Q2 FY24.

The uptick in order intake has resulted in our order book + L1 being at a record high of over Rs. 42,500 crore.”

KEC International is part of the RPG group. The company is a global EPC major in power T&D systems. It has also diversified in railway infrastructure, manufacturing cables (for power, telecom, solar and railways), civil construction with a focus on construction of industrial plants, warehouses, residential and commercial complexes, smart infrastructure, and renewable sector (solar) projects.

The scrip shed 0.64% to currently trade at Rs 961.65 on the BSE.

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Net profit of K E C International rose 52.98% to Rs 85.41 crore in the quarter ended September 2024 as against Rs 55.83 crore during the previous quarter ended September 2023. Sales rose 13.65% to Rs 5113.31 crore in the quarter ended September 2024 as against Rs 4499.03 crore during the previous quarter ended September 2023.

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K E C International Ltd lost 4.88% today to trade at Rs 952.85. The BSE India Infrastructure Index index is down 1.35% to quote at 641.73. The index is down 5.81 % over last one month. Among the other constituents of the index, IRB Infrastructure Developers Ltd decreased 3.07% and Rail Vikas Nigam Ltd lost 2.51% on the day. The BSE India Infrastructure Index index went up 69.31 % over last one year compared to the 23.07% surge in benchmark SENSEX.

K E C International Ltd has lost 7.69% over last one month compared to 5.81% fall in BSE India Infrastructure Index index and 3.03% drop in the SENSEX. On the BSE, 4486 shares were traded in the counter so far compared with average daily volumes of 13945 shares in the past one month. The stock hit a record high of Rs 1067.25 on 30 Sep 2024. The stock hit a 52-week low of Rs 551 on 08 Nov 2023.

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KEC International will hold a meeting of the Board of Directors of the Company on 4 November 2024

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