KEC International's Q4 net up 25% at Rs 78 cr

Infrastructure firm KEC International today reported over 25% growth in net profit at Rs 78.58 crore for the quarter ended March 31, 2011.

The company had posted a net profit of Rs 62.84 during the corresponding quarter of 2009-10.

Net sales of the company were up by 14.81% at Rs 1,557.36 crore as compared to Rs 1,356.44 crore it had reported in Q4 of 2009-10, KEC International said in a filing to the Bombay Stock Exchange (BSE).

For the full year 2010-11, the company posted a net profit of Rs 205.65 crore, up 8.43% vis-a-vis a net profit of Rs 189.66 crore it had reported in FY10, the filing added.

The Mumbai-based firm's net sales in 2010-11 were Rs 4,474.16 crore, touching the $1-billion revenue mark it had set for itself for 2010-11.

According to a company statement, the company has an order book of Rs 7,800 crore, of which around 53% had come from the international market.

"We are proud to become a billion dollar company. Our order book is robust and balanced as each of the key geographies where the company operates, contributes more than 10% to the order book," company Managing Director & CEO Ramesh Chandak said.

He added that order book from the new businesses of the company like power systems, cables, Railway and water contribution have increased to 26.2%.

The scrip of the company today closed down by 2.97% on the BSE at Rs 80 apiece.