KEC International Reports Strong Q3FY26 Performance with 12.19% Revenue Growth
KEC International Limited reported strong Q3FY26 consolidated results with revenue of Rs. 6,001.35 crore (up 12.19% YoY) and net profit of Rs. 127.46 crore despite Rs. 58.78 crore exceptional charges for new Labour Code obligations. Nine-month revenue reached Rs. 17,115.79 crore (up 14.30%) with net profit of Rs. 412.81 crore (up 36.45%). The EPC segment contributed Rs. 5,608.42 crore while the cables business grew 36.79% to Rs. 555.80 crore, reflecting the company's diversified infrastructure portfolio strength.

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KEC International Limited has delivered a strong financial performance in Q3FY26, demonstrating resilience and growth across its diversified business portfolio. The infrastructure and engineering company announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, showcasing significant revenue expansion and operational improvements.
Financial Performance Highlights
The company's consolidated financial performance for Q3FY26 reflects robust growth momentum across key metrics:
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | Rs. 6,001.35 crore | Rs. 5,349.38 crore | +12.19% |
| Net Profit: | Rs. 127.46 crore | Rs. 129.56 crore | -1.62% |
| Total Income: | Rs. 6,011.58 crore | Rs. 5,350.29 crore | +12.36% |
| Earnings Per Share: | Rs. 4.79 | Rs. 4.87 | -1.64% |
For the nine-month period ended December 31, 2025, the company achieved even more impressive growth:
| Parameter: | 9M FY26 | 9M FY25 | Growth (%) |
|---|---|---|---|
| Revenue: | Rs. 17,115.79 crore | Rs. 14,974.58 crore | +14.30% |
| Net Profit: | Rs. 412.81 crore | Rs. 302.55 crore | +36.45% |
| EPS: | Rs. 15.51 | Rs. 11.37 | +36.41% |
Segment-wise Performance
KEC International operates through two primary business segments, with the EPC (Engineering, Procurement and Construction) segment being the dominant contributor. The segment-wise revenue breakdown for Q3FY26 shows:
| Business Segment: | Q3FY26 Revenue | Q3FY25 Revenue | Growth (%) |
|---|---|---|---|
| EPC: | Rs. 5,608.42 crore | Rs. 5,048.36 crore | +11.09% |
| Others (Cables): | Rs. 555.80 crore | Rs. 406.34 crore | +36.79% |
The EPC segment, which comprises infrastructure projects including power transmission, railways, and urban infrastructure, continues to be the primary revenue driver. The Others segment, primarily consisting of the cables business, showed exceptional growth of 36.79% in Q3FY26.
Exceptional Items Impact
The company's financial results were impacted by exceptional charges of Rs. 58.78 crore in Q3FY26, related to employee benefit obligations under India's new Labour Codes that became effective November 21, 2025. This one-time charge represents incremental estimated employee benefit obligations for past services, calculated based on actuarial valuation in accordance with Ind AS 19.
Operational Efficiency Metrics
KEC International's operational performance indicators demonstrate improved efficiency:
| Ratio: | Q3FY26 | Q3FY25 | Status |
|---|---|---|---|
| Operating Margin: | 7.16% | 7.00% | Improved |
| Net Profit Margin: | 2.12% | 2.42% | Declined |
| Current Ratio: | 1.20 | 1.19 | Stable |
| Debt Equity Ratio: | 0.97 | 0.90 | Higher |
Standalone Performance
On a standalone basis, KEC International reported revenue from operations of Rs. 4,808.09 crore in Q3FY26 compared to Rs. 4,757.64 crore in Q3FY25, representing a modest growth of 1.06%. Standalone net profit was Rs. 38.98 crore versus Rs. 72.89 crore in the previous year, primarily due to exceptional charges of Rs. 52.29 crore related to the new Labour Codes.
Legal and Regulatory Updates
The company continues to address an ongoing investigation by a government agency related to a transmission project, where a chargesheet has been filed and the court has taken cognizance. KEC International maintains that this matter will not have any material impact on its operations and financial results, emphasizing its commitment to the highest standards of corporate governance and compliance.
The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026, with statutory auditors conducting a limited review of the unaudited financial results.
Historical Stock Returns for KEC International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.48% | +1.48% | -9.26% | -22.45% | -17.80% | +85.50% |


































