KEC International Ltd has recorded its highest-ever order book (including L1 positions), standing at over Rs.42,500 crore, as of November 4, 2024.
While the confirmed order book stood at Rs.34,088 crore, the RPG Group entity was placed L1 in order valued at around Rs.8,500 crore.
The cumulative order inflow in FY25 – from April 1, 2024 to November 4, 2024 – was Rs.13,482 crore, marking a 50 per cent growth over the comparable level in FY24.
The order inflow in FY25 was equally distributed between domestic and international orders.
Power T&D
In the power T&D business vertical, cumulative order inflows stood at around Rs.8,494 crore. Besides, SAE Towers, an overseas subsidiary of KEC, received orders worth around Rs.809 crore.
Thus, power T&D accounted for 69 per cent of KEC’s cumulative order inflows in FY25, up to November 4, 2024.
With respect to the order book position (excluding L1 positions) as of November 4, 2024, the power T&D (including SAE Towers) segment accounted for 55 per cent.
KEC International has estimated a bidding pipeline of around Rs.1.5 trillion, including both domestic and international markets.
Solid performance
Commenting on the company’s performance, Vimal Kejriwal, MD & CEO, KEC International Ltd, noted, “We are pleased with a solid quarterly performance, marked by robust revenue growth, increase in profitability and a substantial reduction in debt levels. Despite challenges like ongoing manpower shortages and geopolitical uncertainties, we have maintained consistent revenue growth. Our PBT margins have increased by 70 basis points, to 2.2% in Q2FY25 from 1.5 per cent in Q2 FY24. The uptick in order intake has resulted in our order book + L1 being at a record high of over Rs.42,500 crore. With this formidable order book and a promising pipeline of tenders, we have a clear visibility of growth in the balance quarters of this year and next year as well.”
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