KEC International Ltd has reported order inflow exceeding Rs.7,600 crore during the current fiscal year (FY25), so far.
In an investor presentation, KEC said that its cumulative order inflows in FY25 so far (from April 1, 2024 to around July 26, 2024) stood at Rs.7,664 crore that was 70 per cent higher than the comparable level of Rs.4,497 crore in FY24. Domestic orders accounted for 67 per cent of KEC’s cumulative order inflow in FY25.
The power T&D business dominate the company’s performance with order inflows of around Rs.5,000 crore, accounting for nearly two-third of the total cumulative order inflow in FY25. The remaining was covered by other business divisions like civil (13 per cent), railways (7 per cent), renewables (11 per cent) and cables (4 per cent).
As of July 26, 2024, KEC’s outstanding order book position stood at Rs.32,715 crore. Besides, the company was placed L1 in orders valued at over Rs.9,500 crore.
Of this outstanding order (excluding L1 position), the power T&D business had a share of 48 per cent. Another 3 per cent represented orders by SAE Tower – KEC’s overseas subsidiary.
The presentation observed that large opportunities existed in the power T&D space owing to generation capacity addition, rising adoption of renewables and upgrade of grid infrastructure. Significant opportunities existed in Middle East, Americas, Africa, SAARC nations, East Asia Pacific and CIS countries, the presentation said.
Strong performance
Commenting on the company’s performance in Q1FY25, Vimal Kejriwal, MD & CEO, KEC International, said, “We have delivered a strong performance in an election quarter, marked by significant growth in profitability, record order inflows and highest ever order book. Despite challenges such as the acute manpower shortage, we have achieved growth in our Revenues. Our EBITDA margins continue to strengthen, showing an improvement every quarter, with margins increasing by 70 basis points, from 5.8 per cent in Q1FY24 to 6.5 per cent in Q1FY25. With a record order book and L1 position of over Rs.42,000 crore, coupled with a promising tender pipeline, we are well positioned to deliver sustained growth in the coming quarters.”
Also read: KEC International wins new T&D orders worth Rs.1,100 crore
Featured photograph (source: KEC International) is for representation only.
