KEC International Bags Rs 1,303 Crore Orders, YTD Order Intake Crosses Rs 7,600 Crore

Mumbai-based KEC International has secured new contracts worth Rs 1,303 crore across its Transmission and Distribution (T&D) sectors, bolstering its order book despite a tough operating climate. The RPG Group company disclosed the contracts on September 14, stating that they encompass projects in India, the Middle East and the Americas.

In India, KEC International clinched a contract for a 400 kV transmission line in Northern India, intended to transport power from a hydroelectric plant and awarded by an existing private-sector client. The Middle East saw KEC win orders for 380 kV transmission lines in Saudi Arabia. The company also received orders for supplying towers, hardware, and poles in the Americas.

Its Cables and Conductors unit secured additional orders in India and overseas markets, though KEC did not reveal the individual values or execution timelines of the contracts.

CEOs Vimal Kejriwal expressed satisfaction with the latest order wins, even in a challenging environment. The company's year-to-date order intake has surpassed Rs 7,600 crore following these recent wins. KEC International anticipates these orders will aid its projected growth in the upcoming periods.

However, KEC International experienced a decline in operating performance during the first quarter of FY27. Net profit fell 41.7 percent year-on-year to Rs 72.6 crore, down from Rs 124.6 crore, while revenue remained relatively stable at Rs 5,024 crore. EBITDA declined 16.9 percent to Rs 290.8 crore from Rs 350.1 crore, and the EBITDA margin contracted to 6 percent from 7 percent.

KEC International shares experienced a 1.71 percent decrease on the previous trading day, closing at Rs 406. The stock has dropped around 24 percent over the past six months, valuing the share about 56 percent below its 52-week high of Rs 937.8.