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KEC International Q2 PAT up 42% YoY at Rs 139 cr

Capital Market 

KEC International reported a 42% increase in consolidated profit after tax to Rs 139 crore in Q2 September 2019 as against Rs 98 crore in Q2 September 2018.

Revenues increased by 17% to Rs 2809 crore in Q2 September 2019 as against Rs 2408 crore in Q2 September 2018.

Profit before tax (PBT) jumped by 21% to Rs 180 crore in second quarter of FY20 as against Rs 150 crore in corresponding quarter in last fiscal. EBITDA increased by 16% to Rs. 294 crore in Q2 September 2019 from Rs. 253 crore in Q2 September 2018. EBITDA margin stood at 10.5% in Q2 FY20 against 10.5% in Q2 FY19.

Vimal Kejriwal, MD & CEO, KEC International commented, "Our core T&D business has delivered a stellar performance, backed by robust execution in SAARC and the Americas. The Railway business continues its growth momentum as it expands portfolio in other segments."

The scrip ended 0.23% higher at Rs 264.95 on Friday, 8 November 2019.

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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 09 2019. 12:27 IST