Mumbai, August 02, 2013: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended June 30, 2013.
Net Sales for the quarter stands at Rs. 1,746 crore as against Rs. 1,364 crore in the corresponding quarter of previous year, an increase of 28% Y-o-Y.
EBITDA for the quarter stands at Rs. 88 crore as against Rs. 103 crore in the corresponding quarter of previous year.
Profit After Tax (excluding exceptional item, net of taxes) is Rs. 3 crore as against Rs. 33 crore in the corresponding quarter of previous year.
The exceptional item is related to implementation of Voluntary Retirement Scheme (VRS) at Thane cable manufacturing facility. The total cost of VRS is Rs. 18 crore (net of taxes Rs. 12 crore).
The Company has secured new orders in Transmission and Telecom businesses of Rs. 804 crore. Details are as follows:
Including these orders, total order intake during current financial year is Rs. 2,185 crore. The order book continues to remain robust and it stands at Rs. 10,056 crore.
We are happy to announce that our Company’s equity shares have also been listed on MCX Stock Exchange Limited.
Mr. Ramesh Chandak, MD & CEO of the Company commented "Our top-line growth continues to be good backed by strong execution and a healthy order book. On the profitability front, our transmission business margins continue to be good. Overall profitably is impacted on account of execution of projects in our new businesses."
KEC International is global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The Company has powered infrastructure development in 49 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. 17,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Tyre, Infrastructure, IT and Specialty.
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| Net Sales up by 28% Y-o-Y |
