Share of this small-cap company jumped around 3 percent in Thursday’s trading session after receiving an order worth Rs. 1,566 crores across its various businesses. The share has delivered more than 20 percent to its shareholders on a YTD basis.
With a market capitalization of Rs. 15,140 crores, the shares of KEC International Ltd started Thursday’s trading session on a flatter note at Rs. 590.05. The shares hit a high of Rs. 605.90, gaining around 3 percent and are currently trading at Rs. 590.20 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced it had received new orders worth Rs. 1,566 crores across its various businesses including Transmission and Distribution (T&D), Civil, Oil and Gas Pipelines, and Cables.
The company secured orders for T&D projects in India and America. They received 400/220 kV Transmission lines and 220/132 kV GIS and AIS Substation orders in India and secured an order to supply towers, hardware and poles in America.
The business also secured an order in the Commercial building segment in India and another order for composite works for an oil terminal station. Furthermore, the firm secured orders for the supply of various types of cables in India and overseas.
Coming onto the company’s financial statement, the revenue increased marginally by 6 percent from Rs. 4,244 crores during the June quarter to Rs. 4,499 crores in the September quarter. In addition, the net profits zoomed by 33 percent from Rs. 42 crores to Rs. 56 crores during the same timeframe.
As of September 2023, the company order book stood at Rs. 31,320 crores, which showcased a growth of 14 percent growth on a YoY basis.
During Q2 FY24, the company received revenue of Rs. 2,209 crores from the Transmission and Distribution business, Rs. 1,054 crores of revenue from civil, Rs. 776 crores revenue from the railway segment, Rs. 127 crores of revenue was contributed by oil and gas business and the firm received a revenue of Rs. 413 crores from the cable business.
Headquartered in Mumbai, K E C International Ltd was incorporated in 2005. The company is a part of the RPG group which is primarily engaged in the Engineering, Procurement and Construction business (EPC) relating to infrastructure products, projects and systems and they are also engaged in the related activities for power transmission, distribution, railway and other EPC businesses.
Written By Vaibhav Patil
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