FINANCIAL PERFORMANCE FOR QUARTER & NINE MONTHS ENDED 31 DECEMBER 2021

FINANCIAL PERFORMANCE FOR QUARTER & NINE MONTHS ENDED 31 DECEMBER 2021

Mumbai, January 31, 2022: KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, today announced its results for the third quarter (Q3 FY22) and nine months (9M FY22) ended December 31, 2021.

Consolidated Financial Performance:

Q3 FY22 v/s Q3 FY21

REVENUE: Rs. 3,340 crore against Rs. 3,289 crore
EBITDA: Rs. 239 crore against Rs. 299 crore
EBITDA Margin: 7.2% against 9.1%
Interest as % to Revenue: 2.5% against 2.0%
Profit Before Tax (PBT): Rs. 122 crore against Rs. 199 crore
PBT Margin: 3.7% against 6.0%
Profit After Tax (PAT): Rs. 94 crore against Rs. 145 crore
PAT Margin: 2.8% against 4.4%

9M FY22 v/s 9M FY21

REVENUE: Rs. 9,467 crore against Rs. 8,754 crore
EBITDA: Rs. 652 crore against Rs. 787 crore
EBITDA Margin: 6.9% against 9.0%
Interest as % to Revenue: 2.3% against 2.3%
Profit Before Tax (PBT) Rs. 325 crore against Rs. 490 crore
PBT Margin: 3.4% against 5.6%
Profit After Tax (PAT) Rs. 251 crore against Rs. 358 crore
PAT Margin: 2.7% against 4.1%

*During Q2 FY22, there was an exceptional write-off of Rs 44 Cr against a legacy arbitration case in South Africa. Considering this impact, the PBT and PAT are as below:

Profit Before Tax (PBT): Rs. 282 crore against Rs. 490 crore
PBT Margin: 3.0% against 5.6%
Profit After Tax (PAT): Rs. 220 crore against Rs. 358 crore
PAT Margin: 2.3% against 4.1%

Order Intake and Order Book:

Order Intake: Highest ever YTD Order Intake of Rs. 14,121 crore, a staggering growth of more than two times against last year
Order Book: YTD Order Book of Rs. 24,401 crore, a robust growth of 36% YoY; L1 of over Rs. 4,000 crore.

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a steady performance for the quarter, amidst global uncertainties. Our Non T&D businesses such as Civil, Railways and Cables have delivered good performances during the quarter. The profitability has been impacted by the continued headwinds on account of elevated raw material costs and the continued delays in projects in SAE Brazil due to the pandemic and unusual rainfall in the region. We are pleased with the stellar growth in our order intake. With a strong focus on execution, robust order book + L1 of over Rs 28,500 crore and a strong tender pipeline, we are confident of concluding the year with a decent growth.”

About KEC International Limited

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 105+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.

About RPG Enterprises

RPG Enterprises, established in 1979, is one of India's fastest growing business groups with a turnover of US$ 4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses

KEC delivers Steady Performance amidst Challenging Times
Revenues of Rs. 3,340 crore in Q3 FY22 and Rs. 9,467 crore in 9M FY22
Highest ever YTD Order Intake of over Rs. 14,000 crore
Robust Order Book growth of 36% YoY