KEC International bags orders worth Rs. 2,424 crore

The global EPC major (Engineering, Procurement and construction) KEC International has secured various orders across its business units, the company said in a BSE filing submitted by the company on Tuesday.

The company received total orders worth Rs. 2,424 crore which includes Rs. 1,636 crore of transmission & distribution orders across SAARC, America & African countries. It also received orders in railways business worth Rs. 595 crore and Rs. 193 crore worth orders for cables & civil business across various projects across the country.

It posted healthy operational performance in the quarter ended September 2017. Sales for the quarter edged up marginally. However, operating profit rose by 16.5 per cent and EBITDA margin for the quarter rose by 138 bps to 10 per cent. Lastly, net profit for the quarter rose by 37 per cent yoy to Rs. 90 crore.

The total YTD order book of the company now stands at Rs. 16,437 crore which leads to book to bill ratio of 1.91x on FY17 sales of Rs. 8,584 crore. The current order achievement gives good revenue visibility over the next two years. Further, healthy operational performance also augurs well for generating better profitability for the company.

The stock of the company jumped almost 9.4 per cent after the company posted in BSE filing. The stock is currently trading Rs. 374 up by 1.5 per cent at 11:11 hours