 "KEC International gains as Q1 profit more than doubles")
Shares of KEC International surged 5% at Rs 158 on the BSE after the company reported more than doubling in consolidated net profit at Rs 30.40 crore for the quarter ended June 30, 2015 (Q1) against Rs 11.40 crore in the corresponding quarter of previous year.
The EBITDA (earnings before interest, tax, depreciation and amortization) margin for the quarter increased to 7.5% compared to 5.9% in the previous year's corresponding quarter.
Net revenues rose by 9% year-on-year (YoY) at Rs 1,878 crore, while total expenditure increased by 7% YoY at Rs 1,760 crore, KEC International said in a statement.
The company currently has an order book position of Rs 10,537 crore against Rs 10,325 crore in the corresponding quarter of previous year, KEC International added.
Vimal Kejriwal, managing director & chief executive officer of KEC International expressed confidence about maintaining the growth momentum in the year ahead, aided by robust execution capabilities and good order book as well as a strong L1 (lowest bidder) pipeline.
The stock hit a 52-week high of Rs 161 on the BSE in early morning trades. Till 09:48 AM, a combined 1.23 million shares changed hands on the counter on the BSE and NSE.
The EBITDA (earnings before interest, tax, depreciation and amortization) margin for the quarter increased to 7.5% compared to 5.9% in the previous year's corresponding quarter.
Net revenues rose by 9% year-on-year (YoY) at Rs 1,878 crore, while total expenditure increased by 7% YoY at Rs 1,760 crore, KEC International said in a statement.
The company currently has an order book position of Rs 10,537 crore against Rs 10,325 crore in the corresponding quarter of previous year, KEC International added.
Vimal Kejriwal, managing director & chief executive officer of KEC International expressed confidence about maintaining the growth momentum in the year ahead, aided by robust execution capabilities and good order book as well as a strong L1 (lowest bidder) pipeline.
The stock hit a 52-week high of Rs 161 on the BSE in early morning trades. Till 09:48 AM, a combined 1.23 million shares changed hands on the counter on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%