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KEC International bags new orders across businesses
Heavy Electrical Equipment company KEC International announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Consolidated:
- Revenue: Rs 6,165 crore against Rs 5,525 crore
- EBITDA: Rs 388 crore against Rs 283 crore
- EBITDA Margin (YoY): 6.3% against 5.1%
- EBITDA Margin (QoQ): 6.3% against 6.2%
- Interest as % to Revenue: 2.5% against 2.9%
- PBT: Rs 193 crore against Rs 86 crore
- PBT Margin: 3.1% against 1.6%
- PAT: Rs 152 crore against Rs 72 crore
- PAT Margin: 2.5% against 1.3%
Standalone:
- Revenue: Rs 5,302 crore against Rs 4,961 crore
- EBITDA: Rs 284 crore against Rs 206 crore
- EBITDA Margin (YoY): 5.4% against 4.2%
- EBITDA Margin (QoQ): 5.4% against 4.8%
- Interest as % to Revenue: 2.6% against 2.7%
- PBT: Rs 121 crore against Rs 47 crore
- PBT Margin: 2.3% against 0.9%
- PAT: Rs 93 crore against Rs 29 crore
- PAT Margin: 1.8% against 0.6%
FY24 Financial Highlights:
Consolidated:
- Revenue: Rs 19,914 crore against Rs 17,282 crore
- EBITDA: Rs 1,215 crore against Rs 830 crore
- EBITDA Margin: 6.1% against 4.8%
- Interest as % to Revenue: 3.3% against 3.1%
- PBT: Rs 426 crore against Rs 161 crore
- PBT Margin: 2.1% against 0.9%
- PAT: Rs 347 crore against Rs 176 crore
- PAT Margin: 1.7% against 1.0%
Standalone:
- Revenue: Rs 17,383 crore against Rs 15,413 crore
- EBITDA: Rs 848 crore against Rs 850 crore
- EBITDA Margin: 4.9% against 5.5%
- Interest as % to Revenue: 3.3% against 2.8%
- PBT: Rs 192 crore against Rs 250 crore
- PBT Margin: 1.1% against 1.6%
- PAT: Rs 148 crore against Rs 180 crore
- PAT Margin: 0.8% against 1.2%
Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a good performance for the year with highest ever Revenues, substantial growth in Profitability, key order wins and significant improvement in working capital. The strong Revenue growth has been delivered by stellar performances in Transmission and Distribution (T&D) and Civil businesses. Our EBITDA margins have shown consistent improvement, with Q4 FY24 clocking a commendable increase of 120 basis points to reach 6.3%, up from 5.1% in the same quarter of the previous year. The bottom line has also seen remarkable growth, with both PBT and PAT doubling over the previous year. With a formidable and diversified order book & L1 of ~Rs. 37,000 Cr, combined with a substantial tender pipeline, we are well positioned to deliver sustained growth in the forthcoming quarters.”
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