Mumbai, February 11, 2014: 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, 2013.
Net Revenue for the quarter stands at Rs. 2,202 crore as against Rs. 1,797 crore in the corresponding quarter of previous year, an increase of 22.5% Y-o-Y.
EBITDA for the quarter stands at Rs. 142 crore as against Rs. 103 crore in the corresponding quarter of previous year, an increase of 37.2% Y-o-Y. EBITDA margin improves by 69 basis points to 6.4% of net revenue.
Profit After Tax for the quarter stands at Rs. 54 crore as against Rs. 43 crore in the corresponding quarter of previous year, an increase of 26.4% Y-o-Y. Profit After Tax (PAT) for the quarter stands at Rs. 19 crore as against Rs. 29 crore in the corresponding quarter of previous year.
The Company has secured new orders in Transmission, Cables and Water businesses amounting to Rs. 608 crore. Details are as follows:
Including these orders, the order book currently stands at Rs. 10,250 crore, of this 58% is from outside India.
Mr. Ramesh Chandak, MD & CEO of the Company commented "Strong execution and robust order book has helped us in achieving good top line growth. Further, our profitability is gradually improving every quarter. This year so far we have secured Rs. 7,100 crore new orders, which gives us good visibility for the coming quarters"
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 50 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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| KEC International's Net Revenue up by 22.5% Y-o-Y & PBT up by 26.4% Y-o-Y |
