The shares of the infrastructure company gained up to 5 percent after the company received a new work order worth Rs 1,423 crore from Saudi Arabia.
K E C International Ltd has a market capitalization of Rs 26,194.73 crore, the shares were trading at Rs 1,016.95 per share, increasing around 3 percent as compared to the previous closing price of Rs 989.00 apiece.
Reason For Rise:-
Today, the company shares have seen such a bullish movement after K E C International Ltd received a new work order worth Rs 1,423 crore from Saudi Arabia for the Design, Supply, and Installation of 380 kV Transmission Lines.
Management Comment:-
Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd. commented, “We are happy with the continuous inflow of orders, especially in our T&D business. These orders in Saudi Arabia along with the earlier orders in UAE and Oman have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book. With these orders, our YTD order intake stands at over Rs 11,300 crores, an impressive growth of ~75% compared to last year.”
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Financial conditions:-
Looking into the company’s financial condition, revenue jumped by 6 percent from Rs 4,244 crore in Q1FY24 to Rs 4,512 in Q1FY25, however during the same period of time, net profit magnified drastically by 110 percent from Rs 42 crore to Rs 88 crore.
Order Book & Footprint:-
KEC International Ltd has strong future growth with an impressive order book of Rs 42,000 Crore of which 51 percent is from the T&D business, 31 percent is from Civil, 10 percent is from railways, 2 percent is from Oil & Gas pipelines, 4 percent is from Renewables.
The Company is currently executing infrastructure projects in more than 30 countries and has a footprint in over 110 countries (including EPC, Supply of Towers and Cables).
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Company Profile:-
KEC International is a prominent EPC company with a global presence in infrastructure. The company operates in several sectors, including power transmission and distribution, civil engineering, railways, urban infrastructure, renewables, oil and gas pipelines, and cables.
Written by:- Abhishek Singh
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