 "KEC International gains on strong Q4 results")
Shares of KEC International were trading 6% higher at Rs 102 on the NSE in an otherwise weak market after the company reported a strong 83% year-on-year (yoy) growth in consolidated net profit at Rs 63 crore for the quarter ended March 2015 (Q4). The company had reported a profit of Rs 34 crore in the year-ago quarter.
Net sales grew 15.9% at Rs 2,521 crore on y-o-y basis. EBITDA margin improved by 30 basis points to 7.3% of net sales, KEC International said in a press release.
The company has an order intake of Rs 3,820 crore in Q4 along with new orders worth Rs 1,461 crore, it added.
The stock touched a high of Rs 103 and has seen a combined 654,122 shares changing hands on the counter till 0921 hours on the NSE and BSE. The CNX Nifty was down 0.54% at 8,053 points.
Net sales grew 15.9% at Rs 2,521 crore on y-o-y basis. EBITDA margin improved by 30 basis points to 7.3% of net sales, KEC International said in a press release.
The company has an order intake of Rs 3,820 crore in Q4 along with new orders worth Rs 1,461 crore, it added.
The stock touched a high of Rs 103 and has seen a combined 654,122 shares changing hands on the counter till 0921 hours on the NSE and BSE. The CNX Nifty was down 0.54% at 8,053 points.
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