KEC International tumbles after reverse turnaround in Q4

The company announced Q4 results during trading hours today, 8 May 2013.

Meanwhile, the S&P BSE Sensex was up 101.70 points or 0.51% at 19,990.65.

On BSE, 2.35 lakh shares were traded in the counter as against average daily volume of 16,000 shares in the past two weeks.

The stock hit a high of Rs 53.95 and a low of Rs 48.25 so far during the day.

KEC International's consolidated net sales rose 3.9% to Rs 2150 crore in Q4 March 2013 over Q4 March 2012.

KEC International said its order book is robust and stands at Rs 9470 crore.

Commenting on the company's performance, Mr. Ramesh Chandak, MD & CEO, KEC International said, "For FY 2013, our top-line growth was strong. However, our profits were impacted due to current challenging economic environment and our entry into new businesses".

KEC International's board of directors at a meeting held today, 8 May 2013, recommended dividend of 50 paise per share for FY 2013.

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 48 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is the flagship company of the RPG Group.

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