KEC International Q3 FY26 Revenue up 12% to ₹6,001 Cr; Operating PAT rises 32% to ₹171 Cr
KEC International reported Q3 FY26 consolidated revenue of ₹6,001 crore (up 12%) and Operating PAT of ₹171 crore (up 32%). For 9M FY26, revenue grew 14% to ₹17,116 crore with Operating PAT up 51% to ₹457 crore. The company's order book and L1 position exceed ₹41,000 crore.
The results show a positive growth trend in revenue and profitability, along with a strong order book, which are important indicators for an infrastructure EPC company. However, the impact is moderated by factors like slower progress in water projects and closure costs affecting EBITDA margins.
The company reported healthy growth in revenue and operating profitability for the quarter and nine months, driven by strong performance in key business segments. The significant increase in order intake and a robust order book further contribute to a positive outlook.
KEC International Ltd. announced its financial results for the third quarter (Q3 FY26) and nine months (9M FY26) ended December 31, 2025. The company reported a consolidated revenue of ₹6,001 crore for Q3 FY26, a 12% increase compared to ₹5,349 crore in Q3 FY25. EBITDA stood at ₹430 crore, up from ₹374 crore, with EBITDA margin improving to 7.2% from 7.0%. Operating PBT grew by 37% to ₹219 crore, and Operating PAT increased by 32% to ₹171 crore. For the nine months ended December 31, 2025, consolidated revenue rose by 14% to ₹17,116 crore, and Operating PAT saw a significant jump of 51% to ₹457 crore.
Standalone revenue for Q3 FY26 was ₹4,808 crore, a slight increase from ₹4,758 crore in the previous year. Standalone Operating PAT grew by 7% to ₹78 crore. For the nine months of FY26, standalone revenue increased to ₹13,787 crore, with Operating PAT up 36% to ₹221 crore.
The company's year-to-date order intake was approximately ₹19,265 crore, and the order book along with L1 position stood at over ₹41,000 crore as of the announcement date. Consolidated net debt, including acceptances, was ₹6,806 crore as of December 31, 2025, compared to ₹5,574 crore in the previous year. Net working capital stood at 135 days, up from 129 days.
Mr. Vimal Kejriwal, MD & CEO, expressed satisfaction with the revenue and operating profitability growth, attributing it to strong performances in the T&D and Cables & Conductors businesses. He noted that while the bottom line saw healthy growth, EBITDA margins were impacted by slower progress in water projects and closure costs in metro projects. KEC International remains focused on execution, capacity expansion, and leveraging its robust order book and tender pipeline for sustained profitable growth.
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