KEC International fell 6.88% to Rs 102.20 at 14:13 IST on BSE after consolidated net profit fell 8.1% to Rs 20.30 crore on 22.1% increase in total income to Rs 2173.77 crore in Q2 September 2014 over Q2 September 2013.
The result was announced after market hours on Friday, 31 October 2014.
Meanwhile, the BSE Sensex was down 49.81 points, or 0.18%, to 27,816.02.
On BSE, so far 1.51 lakh shares were traded in the counter, compared with an average volume of 68,511 shares in the past one quarter.
The stock hit a high of Rs 109.75 and a low of Rs 101.20 so far during the day. The stock hit a 52-week high of Rs 153 on 8 July 2014. The stock hit a 52-week low of Rs 36.50 on 13 November 2013.
The stock had underperformed the market over the past one month till 31 October 2014, rising 2.62% compared with 4.64% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.93% as against Sensex's 7.61% rise.
The small-cap company has an equity capital of Rs 51.42 crore. Face value per share is Rs 2.
On a consolidated basis, KEC International's earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8% to Rs 121 crore in Q2 September 2014 over Q2 September 2013.
In Q2 September 2014, apart from new orders of Rs 1029 crore announced earlier, the company has secured additional orders of Rs 71 crore in its transmission and distribution business. Including these orders, the order book currently stands at Rs 9322 crore, of this 61% is from outside India.
The formalities for Thane land sale announced in March 2014 are expected to be completed by Q3 December 2014.
KEC International is global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission, power systems, cables, railways, telecom and water. The company has powered infrastructure development in 52 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia.
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