KEC Q1 net up by 167%

The order book currently stands at Rs 10,537 crore compared to Rs 10,325 crore annually

RPG Group company KEC International's Q1 net increased by 167% to Rs 30.4 crore against Rs 11.4 crore in the corresponding quarter of previous year. Company's net revenues rose to Rs 1,877.9 crore against Rs 1,702.7 crore, a rise of 9.1% in the same period. Its EBITDA for the quarter increased to Rs 140.7 crore against Rs 101.7 crore.
 
The order book currently stands at Rs 10,537 crore compared to Rs 10,325 crore in the corresponding quarter of previous year. KEC International, which is infrastructure Engineering, Procurement and Construction (EPC) player, has presence in the verticals of power transmission and distribution, cables, Railways, water and renewables.

MD & CEO Vimal Kejriwal said, “The company has performed well on all three parameters of revenue, profitability and order intake. We are confident of maintaining the growth momentum, in the year ahead, aided by our robust execution capabilities and good order book as well as a strong L1 pipeline.”