|KEC International's EBITDA increased by 110 bps at 8.4% and PBT up by 21.3%|
Mumbai, July 29, 2016: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its results for the first quarter (Q1 FY17) ended June 30, 2016.
NET REVENUE: Rs.1,784.7 crore as against Rs.1,922.9 crore in the corresponding quarter of previous year.
EBITDA: Rs.149.6 crore as against Rs.140.7 crore in the corresponding quarter of previous year, an increase of 6.3%.
EBITDA MARGIN: 8.4% as against 7.3% in the previous year, an increase of 110 bps.
PROFIT BEFORE TAX: Rs. 53.6 crore as against Rs.44.2 crore in the corresponding quarter of previous year, an increase of 21.3%.
Transmission & Distribution Business:
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “ We continue to focus and deliver on the profitability front thereby creating value for all our stakeholders. On the revenue side we are still facing the headwinds of lower commodity prices and slow pace of conversion of L1 into orders.
Our order intake in Railways business for the current financial year has increased to Rs.432 crore which reinforces our belief that Railways will drive the engine of growth for our Infrastructure Business. Likewise, we expect an upsurge in our Solar business as well.
Our strong order book position at Rs.10,400+ crore along with robust L1 pipeline of Rs.3,600+ crore gives us reasonable visibility and confidence for the year ahead ”
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.