KEC International Limited, a global infrastructure Engineering, Procurement and Construction (EPC) major, has announced significant management changes and reported robust financial results for the first quarter of fiscal year 2026.

Management Changes

The Board of Directors of KEC International has approved the re-appointment of Vimal Kejriwal as Managing Director & CEO for a one-year term, effective from April 1, 2026, to March 31, 2027, subject to shareholder approval. Kejriwal, who has been with the company for over two decades, brings more than four decades of global experience across various sectors including infrastructure, oil & gas, pharmaceuticals, fertilizers, and investment banking.

In another development, Nirupama Rao's second term as Independent Director concluded on July 28, 2025. Consequently, she has ceased to be a Director and chairperson/member of respective Board committees.

Strong Q1 FY26 Financial Performance

KEC International has reported a robust financial performance for the first quarter ended June 30, 2025:

Segment Performance

• Transmission & Distribution (T&D): Revenues of Rs. 3,157 crore, up 26% YoY.
• Civil: Revenues of Rs. 940 crore, impacted by continued labor shortages and delayed payments in water projects.
• Renewables: Revenues increased by 87% to Rs. 136 crore.

Order Book and Future Outlook

KEC International maintains a healthy order book:

• New orders worth approximately Rs. 5,517 crore secured during the quarter.
• Total order book stands at Rs. 34,409 crore, with an additional L1 (lowest bidder) position of over Rs. 6,000 crore.

Vimal Kejriwal, Managing Director & CEO, commented on the results: "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."

With its strong order book, diverse business portfolio, and focus on execution, KEC International appears well-positioned for sustained growth in the coming quarters.

KEC International , a global infrastructure Engineering, Procurement and Construction (EPC) major, has reported a robust financial performance for the first quarter of fiscal year 2026 (Q1 FY26). The company's consolidated profit after tax (PAT) surged by 42% year-on-year, while revenue saw a healthy 11% growth.

Financial Highlights

• Revenue: KEC International's consolidated revenue from operations increased to Rs 5,022.88 crore in Q1 FY26, up from Rs 4,511.89 crore in the same quarter last year, marking an 11% year-on-year growth.
• Profit After Tax: The company's PAT witnessed a significant jump of 42%, reaching Rs 124.60 crore compared to Rs 87.58 crore in Q1 FY25.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 19% to Rs 350.00 crore, with the EBITDA margin expanding by 50 basis points to 7.0%.
• Earnings Per Share (EPS): The Basic and Diluted EPS stood at Rs 4.68, up from Rs 3.41 in the corresponding quarter of the previous year.

Segment Performance

• Transmission & Distribution (T&D): The T&D business reported revenues of Rs 3,157 crore, showing a strong growth of 26% year-on-year. This segment's contribution to overall revenues increased to 63%, up from 55% in the same quarter last year.
• Civil: The Civil business segment recorded revenues of Rs 940 crore. However, execution was impacted by continued labor shortages and delayed payments in water projects.
• Cables: The Cables business segment generated revenues of Rs 383 crore, marking a 5% increase year-on-year.
• Renewables: This segment showed significant growth with revenues of Rs 136 crore, an 87% increase compared to the previous year.

Order Book and Business Outlook

KEC International maintains a strong order book position:

• The company secured new orders worth approximately Rs 5,517 crore during the quarter.
• The total order book stands at Rs 34,409 crore as of Q1 FY26 end.
• Including L1 (lowest bidder) positions, the order book exceeds Rs 40,000 crore.

Management Commentary

Vimal Kejriwal, Managing Director & CEO of KEC International, commented on the results: "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, "The outlook across major businesses remains optimistic. With a strong focus on execution, a robust and diversified order book & L1 of over Rs. 40,000 crore and a substantial tender pipeline, we are well positioned to deliver sustained profitable growth in the coming quarters."

Other Developments

The company noted an ongoing government investigation related to a transmission project. A chargesheet has been filed but not yet taken cognizance by the court. KEC International stated that it expects no material impact on operations from this matter.

In conclusion, KEC International's Q1 FY26 results demonstrate strong growth across key financial metrics, with the T&D and Renewables segments showing particularly impressive performance. The company's robust order book and positive management outlook suggest a promising trajectory for the coming quarters, despite some challenges in specific business segments.