KEC’s revenues grew 7% y-o-y amid pandemic

KEC International Ltd, a global infrastructure EPC major and an RPG Group company, recently announced their results for the third quarter (Q3 FY21) and nine months (9M FY21) ended 31 December 2020. Amid the recent challenging times, KEC’s results show steady performance and a revenue growth of 7% year-on-year (y-o-y). Q3FY21 vs Q3FY20Revenue: Rs 3,289 crore against Rs 3,073 crore EBITDA: Rs 299 crore against Rs 319 crore EBITDA Margin: 9.1% against 10.4% Interest as % to Revenue: 2.0% against 2.6% Profit Before Tax (PBT): Rs 199 crore against Rs 203 crore PBT Margin: 6.0% against 6.6% Profit After Tax (PAT): Rs 145 crore against Rs 145 crore 9MFY21 vs 9MFY20 Revenue: Rs 8,754 crore against Rs 8,294 crore EBITDA: Rs 787 crore against Rs 864 crore EBITDA Margin: 9.0% against 10.4% Interest at % to Revenue: 2.3% against 2.9% Profit Before Tax (PBT): Rs 490 crore against Rs 521 crore PBT Margin: 5.6% against 6.3% Profit After Tax (PAT): Rs 358 crore against Rs 373 croreKEC International has a presence in the verticals of power transmission and distribution, railways, civil, solar, smart infrastructure and cables. Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We have delivered a steady performance for the quarter, amidst global uncertainties. Our railway and civil businesses continue their growth momentum as they expand their portfolio in new and emerging segments. Despite the challenging environment, we have been successful in maintaining our profitability at the same level as the corresponding quarter. With a robust and diversified order book + L1 of around Rs 24,000 crore, we are confident of concluding the year with good growth, despite the challenging circumstances.” Image Source