KEC International advanced 2.86% to Rs 129.65 at 12:15 IST on BSE after consolidated net profit rose 27% to Rs 79.85 crore on 1.6% growth in net sales to Rs 2529.56 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours on Friday, 6 May 2016.Meanwhile, the S&P BSE Sensex was up 337.25 points or 1.34% at 25,565.75
On BSE, so far 85,024 shares were traded in the counter as against average daily volume of 83,594 shares in the past one quarter. The stock hit a high of Rs 132 and a low of Rs 129 so far during the day. The stock had hit a 52-week high of Rs 164.75 on 24 November 2015. The stock had hit a 52-week low of Rs 92.20 on 12 May 2015. The stock had underperformed the market over the past one month till 6 May 2016, rising 0.16% compared with 1.32% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 7.23% as against Sensex's 2.48% rise.
The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.
KEC International's consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 21% to Rs 223 crore in Q4 March 2016 over Q4 March 2015. Consolidated EBITDA margin improved to 8.7% in Q4 March 2016 from 7.3% in Q4 March 2015. The company's order intake rose 6% to Rs 8714 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015), KEC International said. The company's order book stood at Rs 9449 crore as on 31 March 2016. In addition, the company has secured new orders of Rs 1140 crore in April 2016, it added.
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.
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