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KEC International Q2 FY-24 Financials: Revenue up 10% YoY

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KEC International Limited [NSE: KEC, BOM: 532714], a major EPC company, has announced its financial results for Q2 of FY-24.

KEC International’s Standalone Financials for Q2 of FY-24

KEC International reported a standalone revenue of Rs. 3,982.29 crore from operations for Q2 of FY-24.

Standalone Profit After Tax (PAT) of the company was Rs. 6.77 crore for the quarter ended 30th September 2023.

Earnings Per Share (EPS) of the company stood at Rs. 0.26 for the second quarter of FY-24.

Consolidated Quarterly Financial Numbers of KEC International

YoY Comparison of KEC’s Financial Results: Q2 FY-24 vs. Q2 FY-23

Comparison of KEC Financials: Q2 FY23 vs Q2 FY24 vs Q1 FY24

KEC International recorded Rs. 4,499.03 crore as its consolidated revenue from operations for Q2 of FY-24. This shows a 10.70% Year-over-Year (YoY) increase from Rs. 4,064.00 crore revenue clocked by the company during Q2 of FY-23.

Consolidated PAT of the company almost remained the same and showed a slight increase of 1.07% on a YoY basis to Rs. 55.83 crore for second quarter of FY-24 from Rs. 55.24 crore reported for Q2 of FY-23.

EPS of KEC International during Q2 of FY-24 stood at Rs. 2.17 against Rs. 2.15 during second quarter of FY-23.

QoQ Comparison of KEC’s Financials: Q2 FY-24 vs. Q1 FY-24

On a QoQ basis, the company recorded a increase of 6.02% in its revenue from operations which stood at Rs. 4,243.59 crore in Q1 of FY-24.

KEC International’s PAT jumped by 31.89% from Rs. 42.33 crore earned during the first quarter of 2023-24.

KEC’s Insights on its Financial Performance

During the company’s earnings call on its Q2 FY-24 financial performance, Mr. Vimal Kejriwal, Managing Director, and Chief Executive Officer of KEC International Ltd., said, “In terms of order intake, our YTD inflow stand at around INR 9,000 crores with T&D and civil businesses being the major contributors. We have a well-diversified and strong order book of INR 31,320 crores as of date, a growth of 14% vis-a-vis last year. Additionally, we have an L1 position of over INR 4,000 crores primarily in international T&D business”.

KEC International Limited: Maharashtra-headquartered KEC International is a major Indian EPC player with a presence in almost 100 countries. Its portfolio comprises projects in Power Transmission and Distribution, Urban, Solar, Infrastructure, Railways, Civil, Oil & Gas pipelines, Smart Infrastructure and Cable sectors.