KEC grows by 12% in Q4 and 15% in FY24

08 May 2024 CW Team

KEC International, a global infrastructure EPC major and an RPG Group, announced its results for the fourth quarter (Q4 FY24) and full year (FY24) ended March 31, 2024. Consolidated order intake and order book:

Order Intake: FY24 order intake of Rs. 18,102 crore, T&D and civil businesses are the major contributors.

Order book: Order book as on 31 March 2024 of Rs. 29,644 crore; Additionally, L1 of over Rs 7,000 crore.

Consolidated net debt and net working capital: Net debt including Acceptances stands at Rs 5,090 crore as on March 31, 2024, largely in line with March 31, 2023 despite a revenue increase of over Rs 2,500 crore, a growth of 15% YoY.

Net Working Capital (NWC) stands at 112 days as on March 31, 2024 in line with March 31, 2023.

Dividend: Recommended a dividend of Rs 4 per equity share i.e. 200% of face value of Rs 2 each for FY24.

Vimal Kejriwal, MD & CEO, KEC International, commented, ?We have delivered a good performance for the year by achieving the 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.?

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..