|KEC International - Results for the second quarter (Q2 FY17) ended September 30, 2016|
Mumbai, November 08, 2016: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its results for the second quarter (Q2 FY17) ended September 30, 2016.
NET REVENUE: increased by 2.7% to Rs.2,121 crore from Rs.2,066 crore
EBITDA: increased by 22.5% to Rs.185 crore from Rs.151 crore
EBITDA MARGIN: increased by 140 bps to 8.7% from 7.3%.
PROFIT BEFORE TAX: increased by 72.4% to Rs.100 crore from 58 crore.
PROFIT AFTER TAX: increased by 132.1% to Rs.65 crore from 28 crore
Note: Q2 FY16 numbers are restated as per IND AS to make them comparable.
Transmission & Distribution Business:
This Business has secured orders of Rs.381 crore in India, Bangladesh and Bhutan
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “ We have consistently delivered healthy margins with our sustained focus on profitability
We continue to maintain our leadership position in the T&D Industry despite muted global business scenario. We have significantly scaled our Substation Business portfolio and building upon our success in the domestic market, we are steadily expanding our presence in the International Substation arena.
SAE continues to witness significantly improved growth momentum.
Railways Business is also on a high growth trajectory on the back of consistent order inflows, increase in capital outlay and enhanced client focus on execution.
We are confident of maintaining our growth targets on the back of our robust order book and substantial L1 positions.”
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water and Renewables. Globally, the Company has powered infrastructure development in 61+ countries. It is the flagship Company of the RPG Group.
RPG Enterprises, established in 1979, is one of India's fastest growing business groups with turnover over Rs.21,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Infrastructure, Tyre, IT and Specialty.