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KEC International hits 52-week high after blockbuster Q1 result

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KEC International surged 4.77% to Rs 157.20 at 10:40 IST on BSE after consolidated net profit jumped 167.3% to Rs 30.39 crore on 9.2% rise in total income to Rs 1881.16 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 27 July 2015.

Meanwhile, the S&P BSE Sensex was up 67.47 points or 0.24% at 27,628.85

On BSE, so far 3.21 lakh shares were traded in the counter as against average daily volume of 4.26 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 160.95 in intraday trade today, 28 July 2015. The stock hit a low of Rs 155.20 so far during the day. The stock hit a 52-week low of Rs 71.95 on 26 March 2015.

 

The stock had outperformed the market over the past one month till 27 July 2015, rising 15.82% compared with Sensex's 0.9% decline. The scrip had also outperformed the market in past one quarter, surging 67% as against Sensex's 1.41% gain.

The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.

KEC International's consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 38.3% to Rs 140.70 crore in Q1 June 2015 over Q1 June 2014. EBITDA margin increased to 7.5% in Q1 June 2015 from 5.9% in Q1 June 2014.

The company's order book currently stands at Rs 10537 crore as compared to Rs 10325 crore in Q1 June 2014.

KEC International is an infrastructure engineering, procurement & construction (EPC) major with presence across Power Transmission, Power Systems, Cables, Railways, Telecom and Water space.

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First Published: Jul 28 2015 | 10:33 AM IST

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