Mumbai, January 30, 2026: KEC International Ltd., a global infrastructure EPC major, part of RPG Group, today announced its results for the third quarter (Q3 FY26) and nine months (9M FY26) ended December 31, 2025.
Consolidated Financial Performance:
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Q3 FY26 v/s Q3 FY25 |
9M FY26 v/s 9M FY25* |
|
Revenue: Rs. 6,001 crore against Rs. 5,349 crore |
Revenue: Rs. 17,116 crore against Rs. 14,975 crore |
|
EBITDA: Rs. 430 crore against Rs. 374 crore |
EBITDA: Rs. 1,211 crore against Rs. 989 crore |
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EBITDA Margin: 7.2% against 7.0% |
EBITDA Margin: 7.1% against 6.6% |
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Interest as % to Revenue: 2.9% against 3.2% |
Interest as % to Revenue: 2.9% against 3.3% |
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Operating PBT: Rs. 219 crore against Rs. 160 crore |
Operating PBT: Rs. 590 crore against Rs. 385 crore |
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Operating PBT Margin: 3.6% against 3.0% |
Operating PBT Margin: 3.4% against 2.6% |
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Operating PAT: Rs. 171 crore against Rs. 130 crore |
Operating PAT: Rs. 457 crore against Rs. 303 crore |
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Operating PAT Margin: 2.9% against 2.4% |
Operating PAT Margin: 2.7% against 2.0% |
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PBT & PAT with Exceptional Item# |
|
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PBT: Rs. 160 crore against Rs. 160 crore |
PBT: Rs. 531 crore against Rs. 385 crore |
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PBT Margin: 2.7% against 3.0% |
PBT Margin: 3.1% against 2.6% |
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PAT: Rs. 127 crore against Rs. 130 crore |
PAT: Rs. 413 crore against Rs. 303 crore |
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PAT Margin: 2.1% against 2.4% |
PAT Margin: 2.4% against 2.0% |
#Exceptional item for Q3 & 9M FY26 includes a provision of Rs. 59 crore made towards the New labour code
*EBITDA for 9M FY25 includes an amount of Rs. 24 crore received towards an arbitration award
Standalone Financial Performance:
|
Q3 FY26 v/s Q3 FY25 |
9M FY26 v/s 9M FY25* |
|
|
Revenue: Rs. 4,808 crore against Rs. 4,758 crore |
Revenue: Rs. 13,787 crore against Rs. 13,130 crore |
|
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EBITDA: Rs. 276 crore against Rs. 281 crore |
EBITDA: Rs. 781 crore against Rs. 709 crore |
|
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EBITDA Margin: 5.7% against 5.9% |
EBITDA Margin: 5.7% against 5.4% |
|
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Interest as % to Revenue: 3.1% against 3.2% |
Interest as % to Revenue: 3.0% against 3.4% |
|
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Operating PBT: Rs. 104 crore against Rs. 93 crore |
Operating PBT: Rs. 289 crore against Rs. 210 crore |
|
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Operating PBT Margin: 2.2% against 2.0% |
Operating PBT Margin: 2.1% against 1.6% |
|
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Operating PAT: Rs. 78 crore against Rs. 73 crore |
Operating PAT: Rs. 221 crore against Rs. 163 crore |
|
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Operating PAT Margin: 1.6% against 1.5% |
Operating PAT Margin: 1.6% against 1.2% |
|
|
PBT & PAT with Exceptional Item# |
||
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PBT: Rs. 52 crore against Rs. 93 crore |
PBT: Rs. 236 crore against Rs. 210 crore |
|
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PBT Margin: 1.1% against 2.0% |
PBT Margin: 1.7% against 1.6% |
|
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PAT: Rs.39 crore against Rs. 73 crore |
PAT: Rs. 182 crore against Rs. 163 crore |
|
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PAT Margin: 0.8% against 1.5% |
PAT Margin: 1.3% against 1.2% |
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#Exceptional item for Q3 & 9M FY26 includes a provision of Rs. 52 crore made towards the New labour code
*EBITDA for 9M FY25 includes an amount of Rs. 24 crore received towards an arbitration award.
Consolidated Order Intake and Unexecuted Order Book:
YTD Order intake of Rs. 19,265 crore
YTD Order Book of Rs. 36,725 crore; Additionally, L1 of ~ Rs. 4,500 crore
Consolidated Net Debt and Net Working Capital:
Net Debt including Acceptances stands at Rs. 6,806 crore as on 31 Dec 25 vis- -vis Rs. 5,574 crore as on 31 Dec 24
Net Working Capital (NWC) stands at 135 days as on 31 Dec 25 vis- -vis 129 days as on 31 Dec 24
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, We are pleased with the growth in Revenues and Operating Profitability for the quarter. The growth is backed by strong performances in our T&D and Cables & Conductors businesses. The performance on EBITDA margin front reflects slower progress in water projects and closure costs associated with the completion of metro projects. Despite these challenges, our bottom line has seen healthy growth, with operating PBT and PAT rising by 37% and 32% respectively. During the quarter, we secured multiple strategic orders, strengthening our order book and L1 position to over Rs. 41,000 crore. With a strong focus on execution, expanding capacity, a robust order book and a substantial tender pipeline, particularly in T&D and Civil, we remain well positioned to drive sustained and profitable growth in the coming quarters.
About KEC International Limited (www.kecrpg.com):
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.
About RPG Enterprises (www.rpggroup.com):
RPG Enterprises, established in 1979, is one of India s fastest-growing business groups with a turnover of US$ 5.2 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.
