KEC International , a global infrastructure Engineering, Procurement and Construction (EPC) major, has announced robust financial results for the first quarter, demonstrating significant growth in profitability and revenue.

Financial Highlights

• Revenue Growth: The company reported a consolidated revenue of ₹5,022.88 crore for Q1, marking an 11% increase from ₹4,511.89 crore in the same quarter of the previous year.
• Profit Surge: KEC International's profit after tax (PAT) saw a substantial rise of 41% year-on-year, reaching ₹124.60 crore compared to ₹87.58 crore in the same quarter last year.
• EBITDA Performance: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 19% to ₹350.00 crore, with EBITDA margins expanding by 50 basis points to 7.0%.
• Earnings Per Share: Basic and Diluted Earnings Per Share (EPS) improved to ₹4.68, up from ₹3.41 in the same quarter of the previous year.

Segment Performance

• Transmission & Distribution (T&D): This segment emerged as the primary revenue driver, contributing 63% to the overall revenues, up from 55% in the same quarter of the previous year. The T&D business reported revenues of ₹3,157.00 crore, showing a robust growth of 26% year-on-year.
• Civil Business: Despite facing challenges such as labor shortages and delayed payments in water projects, the civil segment generated revenues of ₹940.00 crore.
• Cables Business: The cables segment demonstrated growth with revenues of ₹383.00 crore, a 5% increase year-on-year.
• Renewables: This segment showed significant promise with revenues of ₹136.00 crore, marking an impressive 87% growth.

Order Book and Future Outlook

KEC International maintains a strong order book position:

• Total Order Book: The company reported a robust order book and L1 (lowest bidder) position of over ₹40,000.00 crore.
• New Orders: In Q1, KEC secured new orders worth approximately ₹5,300.00 crore across its T&D, Civil, and Cables businesses.
• Tender Pipeline: The company has a substantial tender pipeline of over ₹1,80,000.00 crore under evaluation.

Management Commentary

Vimal Kejriwal, Managing Director & CEO of KEC International, 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."

He further added, "With a strong focus on execution, a robust and diversified order book & L1 of over ₹40,000 crore and a substantial tender pipeline, we are well positioned to deliver sustained profitable growth in the coming quarters."

Challenges and Outlook

While the overall performance was strong, KEC International noted some challenges:

• Persistent labor shortages in certain segments
• Geopolitical uncertainties affecting some operations
• Subdued performance in the Transportation segment due to heightened competition

Despite these challenges, the company remains optimistic about its growth trajectory, supported by its strong order book, diverse business portfolio, and ongoing expansion initiatives across various segments.

KEC International's Q1 results reflect the company's resilience and strategic positioning in the infrastructure sector, with a positive outlook for the coming quarters backed by a robust order book and strong market demand across its key business segments.

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.