KEC Announces Results of Q2 FY 22, PAT Down by 44% YoY on higher Raw Material Costs
A global infrastructure Engineering, Procurement and Construction (EPC) major KEC International Ltd. [NSE: KEC, BOM: 532714] announced on 27th October 2021 its results for second quarter Q2 FY 22 ended on 30th September 2021.
KEC International’s Consolidated Financial Performance
KEC’s Consolidated Performance Q2 FY22 v/s Q2 FY21 YoY
KEC International’s revenue touched ₹ 3,587.46 Crore in second quarter of FY22, up 10.12% from ₹ 3,257.67 Crore of same quarter last year.
KEC International’s net profit at ₹ 80.29 Cr in September 2021 was down by 44% from ₹ 142.55 crore in September 2020.
KEC’s Consolidated Financials Q2 FY22 v/s Q1 FY22
Compared to a revenue of ₹ 2,540 Cr in Q1 FY22, KEC International’s revenue increased by 41% in Q2 FY22.
Net Profit of the company in Q2 FY22 went up by 74.01% at in comparison to ₹ 46.14 Cr in Q1 FY22.
Expressing on the results of second quarter FY 22, Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. said “We are pleased with the strong growth in revenues for the quarter, amidst a challenging environment. With the new orders announced last week, our order book along with current L1 pipeline stands at a record level of over Rs. 28,500 crore“.
He also mentioned that the growth has been delivered by good performances across all our businesses such as T&D (excluding SAE), Civil, Railways and Cables. Although the elevated raw material prices have impacted margins.
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About KEC International Limited
KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables. The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 105+ countries (includes EPC, Supply of Towers and Cables). KEC is the flagship Company of the RPG Group.