The shares of the leading company for engineering procurement gained up to 3.7 percent after the company’s net profit and revenue increased by 111 percent YoY and 23 percent QoQ, respectively in the fourth quarter.
With a market capitalization of Rs 19,308.62 crore, the shares of K E C International Ltd were trading at Rs 750 apiece, increasing around 1.35 percent as compared to the previous closing price of Rs 740.00 per share.
Looking into the company’s performance, K E C International Ltd’s revenue increased by 23 percent on a quarter-on-quarter basis from Rs. 5,007 crore in Q3FY24 to Rs. 6,165 crore in Q4FY24. Further, revenue increased by 12 percent year on year, from Rs. 5,525 crore in Q4FY23 to Rs. 6,165 crore in Q4FY24.
K E C International Ltd’s net profit increased by 56 percent on a quarter-on-quarter basis, from Rs. 97 crore in Q3FY24 to Rs. 152 crore in Q4FY24. Further, net profit increased by 111 percent year on year from Rs. 72 crore in Q4FY23 to Rs. 152 crore in Q4FY24.
As of March 2024, with an order book of Rs 38,000 crore, additionally, an L1 of over Rs. 7,000 crore, as well as a solid tender pipeline, the business is on track for a successful year. Furthermore, YTD order intake exceeds Rs. 18.102 crore for industrial, commercial, and residential structures, public spaces, and data centers.
The company has commissioned 198 RKM of rail laying. KEC is a key player in upcoming speed increase projects, particularly in the 2×25 kV OHE section. The business is presently working on 11 projects totaling 2,400 RKM for 2×25 kV upgrades under Mission Raftaar.
KEC International is a key player in the worldwide infrastructure EPC market. It operates in several industries, including power transmission and distribution, railways, civil and urban infrastructure, solar, oil and gas pipelines, and cables. It is the main company of the RPG Group.
Written by:- Abhishek Singh
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