KEC International gains after strong Q1 result

KEC International rose 1.92% to Rs 146.25 at 10:15 IST on BSE after consolidated net profit rose 83.2% to Rs 30.94 crore on 7% fall in net sales to Rs 1727.01 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours on Friday, 29 July 2016.

Meanwhile, the S&P BSE Sensex was up 221.19 points or 0.79% at 28,273.05

On BSE, so far 56,903 shares were traded in the counter as against average daily volume of 74,729 shares in the past one quarter. The stock hit a high of Rs 148.25 and a low of Rs 144.60 so far during the day. The stock had hit a 52-week high of Rs 164.75 on 24 November 2015. The stock had hit a 52-week low of Rs 97.45 on 12 February 2016.

The mid-cap company has equity capital of Rs 51.42 crore. Face value per share is Rs 2.

KEC International's consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.3% to Rs 149.60 crore in Q1 June 2016 over Q1 June 2015. Consolidated EBITDA margin improved to 8.4% in Q1 June 2016 from 7.3% in Q1 June 2015. The company's order book stood at above Rs 10400 crore, KEC International said.

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, cables, railways, water and renewables.

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