Infrastructure major KEC International reported a year-on-year (YoY) rise in net profit for the third quarter ended December 31, 2024. The company’s net profit stood at ₹129.6 crore, up from ₹96.9 crore in the corresponding quarter of the previous fiscal, as per its regulatory filing.
KEC International’s revenue from operations rose YoY to ₹5,349.4 crore, compared to ₹5,006.7 crore in Q3 FY24.
At the operating level, the company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) increased to ₹374.4 crore, up from ₹307.9 crore in the same quarter last year. The EBITDA margin expanded to 7.0%, compared to 5.2% in the previous year’s corresponding period, reflecting improved operational efficiency.
The company reported a Profit Before Tax (PBT) of ₹160 crore for Q3 FY25, up from ₹121 crore in Q3 FY24. The PBT margin also improved to 3.0%, compared to 2.4% in the previous fiscal year.
Interest expenses as a percentage of revenue stood at 3.2%, slightly lower than 3.3% recorded in Q3 FY24, indicating better financial management.
KEC International recorded a year-to-date (YTD) order intake exceeding ₹22,000 crore, reflecting a 70% YoY growth. Its order book stood at ₹37,440 crore, with an additional L1 position of over ₹4,000 crore, reinforcing strong future business visibility.
The company’s net debt, including acceptances, stood at ₹5,574 crore as of December 31, 2024, reflecting a ₹471 crore reduction YoY. However, net working capital days increased to 134 days, compared to 129 days in the same period last year.
Vimal Kejriwal, MD & CEO of KEC International, highlighted the company’s strong performance, stating “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.”
Vimal Kejriwal also added that the business outlook remains optimistic, with a strong order book and L1 position exceeding ₹41,000 crore, improved execution visibility, a benign cost environment, and a substantial tender pipeline. The company expects to maintain sustained growth in the coming quarters.
On February 4, 2025, KEC International share price traded 3.77% higher at ₹765 as of 11:21 AM (IST). The stock touched a 52-week high of ₹1,312 on December 04, 2024, while hitting a 52-week low of ₹636.20 on February 12, 2024.
According to BSE data, the total traded volume stood at 0.53 lakh shares, with a turnover of ₹4.16 crore. At the current price, BoB shares are trading at a price-to-earnings (P/E) ratio of 89.58x, based on its trailing 12-month earnings per share (EPS) of ₹8.54, and a price-to-book (P/B) ratio of 4.60, as per exchange data.
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Published on: Feb 4, 2025, 11:34 AM IST
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