KEC International: Financial performance Q3 FY22

KEC International Ltd., today announced its results for the third quarter (Q3 FY22) and nine months (9M FY22) ended December 31, 2021.

Consolidated Financial Performance:

Q3 FY22 v/s Q3 FY21

Revenue: Rs. 3,340 crore against Rs. 3,289 crore     

EBITDA: Rs. 239 crore against Rs. 299 crore

EBITDA Margin: 7.2% against 9.1%

Interest as % to Revenue: 2.5% against 2.0%

Profit Before Tax (PBT): Rs. 122 crore against Rs. 199 crore

PBT Margin: 3.7% against 6.0%

Profit After Tax (PAT): Rs. 94 crore against Rs. 145 crore

PAT Margin: 2.8% against 4.4%

9M FY22 v/s 9M FY21

Revenue: Rs. 9,467 crore against Rs. 8,754 crore    

EBITDA: Rs. 652 crore against Rs. 787 crore

EBITDA Margin: 6.9% against 9.0%

Interest at % to Revenue: 2.3% against 2.3%

Profit Before Tax (PBT): Rs. 325 crore against Rs. 490 crore

PBT Margin: 3.4% against 5.6%

Profit After Tax (PAT): Rs. 251 crore against Rs. 358 crore

PAT Margin: 2.7% against 4.1%

*During Q2 FY22, there was an exceptional write-off of Rs 44 Cr against a legacy arbitration case in South Africa. Considering this impact, the PBT and PAT are as below:

Profit Before Tax (PBT): Rs. 282 crore against Rs. 490 crore

PBT Margin: 3.0% against 5.6%

Profit After Tax (PAT): Rs. 220 crore against Rs. 358 crore

PAT Margin: 2.3% against 4.1%

Order Intake and Order Book:

Order Intake: Highest ever YTD Order Intake of Rs. 14,121 crore, a staggering growth of more than two times against last year

Order Book: YTD Order Book of Rs. 24,401 crore, a robust growth of 36% YoY; L1 of over Rs. 4,000 crore.

Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a steady performance for the quarter, amidst global uncertainties. Our Non T&D businesses such as Civil, Railways and Cables have delivered good performances during the quarter. The profitability has been impacted by the continued headwinds on account of elevated raw material costs and the continued delays in projects in SAE Brazil due to the pandemic and unusual rainfall in the region. We are pleased with the stellar growth in our order intake. With a strong focus on execution, robust order book + L1 of over Rs 28,500 crore and a strong tender pipeline, we are confident of concluding the year with a decent growth.”

CT Bureau