KEC International Reports Strong Q1 FY26 Results with 11% Revenue Growth and 42% PAT Increase
The announcement provides comprehensive financial results for the latest quarter, including detailed segment performance, debt reduction, and future outlook, which are critical indicators for investors and market analysis.
The company reported strong financial performance for Q1 FY26 with significant year-on-year growth in revenues, EBITDA, PBT, and PAT, alongside a reduction in net debt. The management commentary expresses optimism for continued profitable growth supported by a robust order book and tender pipeline.
KEC International Limited announced its unaudited financial results for the quarter ended 30 June 2025, demonstrating healthy performance: * Consolidated revenues for Q1 FY26 grew by 11% year-on-year to ₹5,023 crore. * EBITDA increased by 19% to ₹350 crore, with margins improving to 7.0% from 6.5% in Q1 FY25. * Profit Before Tax (PBT) surged by 42% to ₹159 crore, and Profit After Tax (PAT) also rose by 42% to ₹125 crore. * Interest expenses as a percentage of revenue reduced by 40 basis points to 3.0% from 3.4% in Q1 FY25. * The Transmission & Distribution (T&D) segment's contribution to overall revenues increased to 63% from 55% in the same quarter last year. * Key business segment highlights for Q1 FY26 include: * T&D: Revenues of ₹3,157 crore (26% YoY growth) with an order intake of over ~₹3,200 crore across India, Middle East, and Americas. Capacity expansion initiated at the Butibori tower manufacturing facility. * Civil: Revenues of ₹940 crore, impacted by continued labor shortages and delayed payments in water projects, but secured order inflow of over ~₹2,100 crore in Buildings & Factories segment. * Renewables: Revenues grew significantly by 87% to ₹136 crore, with two large solar projects under execution in Karnataka & Rajasthan. * Cables: Revenues of ₹383 crore, commissioned the Aluminium Conductor Plant and initiated process to double capacity. Capex for E-Beam facility and Elastomeric cables is progressing well. * Oil & Gas: Secured a second international order for a terminal station in Africa. * The company's net debt, including acceptances, reduced by ₹248 crore to ₹5,348 crore as of 30 June 2025, despite a revenue increase of over ₹2,000 crore in the trailing 12 months. * Order intake for YTD FY26 stood at ₹5,517 crore, with a robust order book and L1 position exceeding ₹40,000 crore. The tender pipeline is over ₹1,80,000 crore. * Vimal Kejriwal, Managing Director & CEO, stated, "We have started the year on a strong note by delivering a healthy revenue growth, substantial increase in profitability and a reduction in debt levels. Despite headwinds such as persistent manpower shortages and geopolitical uncertainties, we have continued to deliver consistent profitable revenue growth. Profitability has also seen stellar growth, with PBT and PAT both growing by over 40%." He added that the outlook across major businesses remains optimistic, and the company is well-positioned to deliver sustained profitable growth in the coming quarters. * The company anticipates tailwinds from robust T&D business growth, real estate boom, improving civil execution, and government thrust on renewables. Headwinds include persistent labor shortages and subdued performance in the Transportation segment due to delayed project completion and heightened competition.
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KEC International Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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