KEC International jumped 8.1% to Rs 33.35 at 10:35 IST on BSE after consolidated net profit surged 34% to Rs 22 crore on 6.6% growth in net sales to Rs 1778 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Friday, 25 October 2013.
Meanwhile, the S&P BSE Sensex was up 47.07 points or 0.23% at 20,730.59.
On BSE, 38,000 shares were traded in the counter as against an average daily volume of 70,434 shares in the past one quarter.
The stock hit a high of Rs 33.70 and a low of Rs 31.60 so far during the day. The stock had hit a 52-week high of Rs 80.70 on 29 October 2012. The stock had hit a 52-week low of Rs 23.25 on 4 September 2013.
The stock had outperformed the market over the past one month till 25 October 2013, surging 19.11% compared with the Sensex's 4.17% rise. The scrip had, however, underperformed the market in past one quarter, advancing 0.65% as against Sensex's 4.44% rise.
The small-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.
KEC International's consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) surged 30.4% to Rs 112 crore in Q2 September 2013 over Q2 September 2012. EBITDA margin improved 115 basis points to 6.3% of net sales.
The company's order book stands at Rs 10200 crore as on 30 September 2013. Of this 54% is from outside India. It has secured new orders in Transmission, Power Systems and Cables businesses of Rs 755 crore in Q2 September 2013.
Commenting on the company's Q2 performance, Mr. Ramesh Chandak, MD & CEO, KEC International said, "We are happy to declare continuous order inflows from various businesses and geographies. Our order intake for the first half of FY 2014 at Rs 3943 crore is higher by 13% as compared to the corresponding period of the previous year. On the profitability front, our operating margin for the quarter is better than the previous four quarters".
KEC International is a global infrastructure engineering, procurement and construction (EPC) company. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 50 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia. It is the flagship company of the RPG Group.
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