press release

Q1 FY18 PAT up by 104 % at Rs.62.9 crore | Q1 FY18 EBITDA MARGIN increased to 9.3% from 8.4% | Q1 FY18 Revenue up by 6.2% at Rs. 1,895.1 crore

Mumbai, August 02, 2017: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its results for the first quarter (Q1 FY18) ended June 30, 2017.

Consolidated Financial Performance (Q1 FY18 V/s Q1 FY17)

REVENUE increased by 6.2% to Rs.1,895.1 crore from Rs.1,784.7 crore.

EBITDA increased by 18% to Rs.176.3 crore from Rs.149.6 crore.

EBITDA MARGIN increased to 9.3% from 8.4%.

PROFIT BEFORE TAX increased by 79% to Rs.95.8 crore from Rs.53.6 crore.

PROFIT AFTER TAX increased by 104% to Rs.62.9 crore from Rs.30.9 crore.

The Company’s order book as on June 30, 2017 stands at Rs.13,532 crore. During the quarter, the Company has successfully commissioned several landmark projects in Transmission & Distribution Business, including a 220 kV Transmission Line in Georgia and 400 kV Purnea-Biharsharif Transmission Line in Bihar. In the Substation Business, it has commissioned 400 kV/ 230 kV/ 110 kV GIS Substations in Tamil Nadu.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “ We continue to consistently improve our profitability amidst global challenges and headwinds.
We are happy with our performance and order intake, especially keeping in mind the uncertainties that were associated with the implementation of GST.
During the quarter, we have seen significant traction on order booking in our domestic business. Combined with the significant International orders received in H2 FY17, we have a fairly balanced and robust order book and a strong L1 pipeline, giving us confidence to achieve our targets for FY 2017-18.”

About KEC International Limited

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission & Distribution, Cables, Railways, Renewables and Civil. Globally, the Company has powered infrastructure development in 63 countries. It is a flagship Company of the RPG Group.

About RPG Enterprises

RPG Enterprises, established in 1979, is one of India's fastest growing business groups with turnover over Rs.22,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Infrastructure, Tyre, IT and Specialty.