Mumbai, October 31, 2014: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended September 30, 2014.
Net Revenue for the quarter stands at Rs. 2,173 crore as against Rs. 1,778 crore in the corresponding quarter of previous year, an increase of 22% Y-o-Y.
EBITDA for the quarter stands at Rs. 121 crore as against Rs. 112 crore in the corresponding quarter of previous year, an increase of 8% Y-o-Y.
Profit After Tax (PAT) for the quarter stands at Rs. 20.3 crore as against Rs. 22.1 crore in the corresponding quarter of previous year, a decrease of 8.2% Y-o-Y.
During the quarter, apart from new orders of Rs. 1,029 crore announced earlier, the company has secured additional orders of Rs. 71 crore in its Transmission & Distribution business.
Including these orders, the order book currently stands at Rs. 9,322 crore, of this 61% is from outside India.
The formalities for Thane Land Sale announced in March 2014 are expected to be completed by Q3FY15.
Mr. Ramesh Chandak, MD & CEO, KEC International Ltd commented, “Our top-line growth continues to be good and our focus is to gradually improve our margins. We are confident that the company will continue to march on higher growth trajectory in times to come on account of enhanced focus on infrastructure development in domestic and international markets and strong execution capabilities.”
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water and Renewables. The Company has powered infrastructure development in 52 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia. It is the flagship Company of the RPG Group.
RPG Enterprises, established in 1979, is one of India's fastest growing business groups with turnover over Rs. 18,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Infrastructure, Tyre, IT and Specialty.
