Mumbai, Oct 31, 2007 :KEC International Ltd. (KEC) today reported second quarter revenue of Rs. 562.96 crore versus last year’s figure for the corresponding period of Rs. 436 crore. Net profit for the second quarter has grown 56% to Rs. 33.89 crore.
“We expect to maintain the growth momentum. A geographically well balanced order book situation in which, including L1 positions, our current order level stands at a healthy Rs. 4800 crore augurs well for the future,” said Ramesh Chandak, Managing Director, KEC International Ltd.
“I am absolutely delighted with the current position. We have been breaking records the last few quarters and the latest spate of wins including domestic orders from Karnataka and Rajasthan added on to major wins in Saudi Arabia and Afghanistan makes me feel optimistic”, concluded Mr. Chandak.
Further, the company’s EBITDA margins have improved from 13.10% to 13.25%, reflecting an improvement in operational efficiency.
KEC International Ltd. is a global leader in the power transmission engineering, procurement and construction (EPC) business. With global operations spanning over 15 countries, the company is present in UAE, Libya, Tunisia, Algeria, Afghanistan, Nigeria, Iraq, Kuwait, Oman, Zambia and Ethiopia among several other countries. KEC is the flagship company in the transmission sector of the Rs. 11,500 crore RPG Group.
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