Infrastructure company KEC International Ltd on Monday (February 3) reported a 33.8% year-on-year (YoY) jump in net profit at ₹129.6 crore for the third quarter that ended December 31, 2024.CompanyValueChange%ChangeIn the corresponding quarter of the previous fiscal, KEC International posted a net profit of ₹96.9 crore, the company said in a regulatory filing. The company’s revenue from operations increased 6.8% to ₹5,349.4 crore as against ₹5,006.7 crore in the corresponding period of the preceding fiscal.At the operating level, EBITDA increased 21.6% to ₹374.4 crore in the third quarter of this fiscal over ₹307.9 crore in the corresponding period in the previous fiscal.
Also Read: Power Grid Q3 net profit falls to ₹3,862 crore, misses estimates; declares dividendEBITDA margin stood at 7% in the reporting quarter as compared to 5.2% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.KEC International reported a Profit Before Tax (PBT) of ₹160 crore in Q3 FY25, marking an increase from ₹121 crore in Q3 FY24, with the PBT margin improving to 3.0% from 2.4%. Interest as a percentage of revenue stood at 3.2%, marginally lower than 3.3% in the previous year.
The company recorded a year-to-date (YTD) order intake exceeding ₹22,000 crore, reflecting a 70% YoY growth, while the order book stood at ₹37,440 crore, with an L1 position of over ₹4,000 crore.Also Read: HFCL Q3 Results | Net profit and revenue drop, margin risesOn the financial front, net debt, including acceptances, stood at ₹5,574 crore as of December 31, 2024, reflecting a ₹471 crore reduction YoY, while net working capital increased to 134 days from 129 days in the same period last year.Vimal Kejriwal, MD and CEO of KEC International said, “We have delivered a good performance for the quarter, reflected in the significant growth in profitability, record order intake and a robust order book.Despite challenges such as ongoing manpower shortages and geopolitical uncertainties, we achieved growth in our Revenues. Our EBITDA margins improved by 80 basis points, rising to 7.0% in Q3 FY25 compared to 6.2% in Q3 FY24.Also Read: Gland Pharma Q3 Results | Net profit, margin up; revenue dips 10%The outlook in all our major businesses remains optimistic. With a solid and diversified order book + L1 of over ₹41,000 crore, improved execution visibility, benign cost environment and a substantial tender pipeline, we are well positioned to deliver sustained growth in the coming quarters.”The results came after the close of the market hours. Shares of KEC International Ltd ended at ₹795.20, down by ₹31.15 or 3.77% on the BSE.
