|KEC's Q3 FY17 PAT up by 139% I YTD Order Intake up by 26% I PBT Crosses Rs. 100 crore Mark for the 2nd Consecutive Quarter|
Mumbai, January 31, 2017: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its results for the third quarter (Q3 FY17) ended December 31, 2016 and YTD nine months (9M FY17) ended December 31, 2016.
NET REVENUE: stood at Rs.1,965 crore as against Rs.2,101 crore.
EBITDA: increased to Rs.182 crore from Rs.167 crore.
EBITDA MARGIN: increased to 9.26% from 8%.
PROFIT BEFORE TAX: increased to Rs.101 crore from Rs.69 crore.
PROFIT AFTER TAX: increased to Rs.63 crore from Rs.26 crore.
Note: Q3 FY16 numbers are restated as per IND AS to make them comparable.
NET REVENUE: stood at Rs.5,871 crore as against Rs.6,090 crore.
EBITDA: increased to Rs.517 crore from Rs.459 crore.
EBITDA MARGIN: increased to 8.8% from 7.5%.
PROFIT BEFORE TAX: increased to Rs.255 crore from Rs.171 crore.
PROFIT AFTER TAX: increased to Rs.159 crore from Rs.71 crore.
Note: 9M FY16 numbers are restated as per IND AS to make them comparable.
Transmission & Distribution Business:
Secured orders of Rs.1333 crore in Afghanistan, Zambia, Mozambique, Jordan and India.
International: Secured orders of Rs.1218 crore.
Domestic: Secured orders of Rs.115 crore.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “ We continue to consistently outperform on the profitability front despite the challenging economic scenario in some of our markets over the last few months
The International Business Sentiment is clearly picking up as is evinced by an uptick in our International order intake and L1 positions. Further, we have successfully rebalanced our ME portfolio with the new order win in Jordan and earlier order win in Egypt.
Railways Business continues to witness a rapid built-up on the back of consecutive large order wins thereby reaffirming our confidence in the Railways growth story.
We have a strong order book position and robust L1 pipeline which gives us good visibility and confidence going ahead ”
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission & Distribution, Cables, Railways, Water, Renewables and Civil. 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..