Mumbai, February 04, 2015: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended December 31, 2014.
Net Revenue for the quarter stands at Rs. 2,053.29 crore as against Rs. 2,201.57 crore in the corresponding quarter of previous year, a decrease of 7% Y-o-Y.
EBITDA for the quarter stands at Rs. 104.57 crore as against Rs. 141.92 crore in the corresponding quarter of previous year, a decrease of 26% Y-o-Y.
Profit After Tax for the quarter stands at Rs. 66.45 crore including the profit on sale of fixed assets as against Rs. 19.15 crore in the corresponding quarter of previous year, an increase of 247% Y-o-Y.
During last month the Company has secured new orders in its Transmission & Distribution, Cables and Railways businesses amounting to Rs. 1,011 crore. Details are as follows:
Mr. Ramesh Chandak, MD & CEO, KEC International Ltd commented, "Our efforts on our core segment front have yielded good results. Our performance in T&D and Cables segment has been ahead of our expectations. However, our bottom line was mainly impacted on account of SAE and other Infrastructure businesses. Further, we have secured good orders on domestic and international front. With the overall infra focus emphasized by our government, the industry is expected to pick up momentum and with our capabilities & expertise we are very well placed to tap the new opportunities. We have good visibility going ahead."
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 Automotive Tyres, Infrastructure, IT, Pharmaceuticals, Plantations and Power Ancillaries.
