Skip to content

KEC Intl hits record high after bagging Rs 1,000+ cr order

kec-international

KEC International is in the news today as the RPG group firm bagged orders totalling 1,012 crores, including "prestigious orders" in the data centre and FMCG spaces. KEC International Limited is primarily engaged in engineering, procurement, and construction (EPC) relating to infrastructure products, projects, and systems for power transmission, distribution, railways, and related activities. KEC has global operations spanning over 20+ countries, including India, the UAE, South Africa, Australia, Egypt, etc.

The civil business of the company secured orders from new clients in the data centre and FMCG segments for building a data centre in Western India and setting up a manufacturing facility for a global FMCG major in Southern India.

The Transmission & Distribution (T&D) business has secured orders in India and America. The company received a 765 kV transmission line order in India from an existing private client. Whereas the company secured orders for the supply of towers, hardware, and poles in the Americas.

Mr. Vimal Kejriwal, MD & CEO, of KEC International Ltd., commented, "We are pleased with the continuous inflow of orders, especially in our T&D and civil businesses. The civil business continues to diversify its customer base with the addition of marquee clients. The prestigious order for building a data centre reaffirms our confidence in the strong growth of this segment. We are particularly encouraged by the continuous inflow of tower supply orders from the North American market. With the above orders, our YTD order intake stands at a record level of over Rs. 6,500 crores, a strong growth of 11% vis-à-vis last year."

Earlier in August, the company received two contracts worth Rs. 1,000 crore+ each for its civil, transmission, and distribution (T&D) from the Middle East and cable businesses. The stock following the announcement made a gap-up opening of 5% and inched 2% higher intraday.

Following yesterday’s announcement, the KEC International share price has made a gap-up opening and is currently trading at Rs. 702. Year to date, the stock is up 45%, and in the past month, the stock has given a return of 14%.

 

ANNUAL P&L FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Revenue 17,313.03 13,755.69 13,144.12 11,976.47 11,023.12
Total Revenue Growth (%) 25.86 4.65 9.75 8.65 9.16
Total Expenses 17,152.05 13,312.62 12,388.21 11,186.20 10,279.61
Total Expenses Growth (%) 28.84 7.46 10.75 8.82 9.26
Profit after Tax (PAT) 176.03 332.08 552.72 565.52 495.77
PAT Growth (%) -46.99 -39.92 -2.26 14.07 7.68
Operating Profit Margin (%) 4.04 5.52 7.76 9.17 9.59
Net Profit Margin (%) 1.01 2.41 4.21 4.72 4.5

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

blogs

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes (Commodity & Currency)

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Open FREE Demat Account in less than 10 minutes

    20

    Per order + Get Instant Pledge Benefits* + Zero delivery Brokerage

    10

    Per order only (No hidden charges)

    Related Posts

    Sharp rise in Mutual fund inflow
    In today’s market conditions, retail investors are playing a vital role in indirectly supporting the...
    NSE to launch derivatives on Nifty Next 50 index from April 24
    On April 18, 2024, the National Stock Exchange of India (NSE), in a circular shared...
    Ambuja-Cements-to-acquire-Tuticorin-grinding-unit-for-Rs-414-crore
    India’s most trusted cement brand and a leading cement manufacturer and supplier, Ambuja Cements Ltd.,...