KEC International’s January-March Profit Jumps 77%; Beats Estimate

KEC International Ltd. posted a 76.7% year-on-year rise in consolidated net profit for the March quarter to ₹2.68 billion, beating the analysts’ estimate of ₹2.63 billion. Revenue from operations rose 11.2% to ₹68.72 billion. Sequentially, profit more than doubled, while revenue climbed over 28%.

Other income for the quarter surged threefold on year to ₹202 million, sharply up from just ₹9.1 million in the previous quarter. Total expenditure, including finance costs, rose nearly 10% to ₹65.50 billion. Raw material costs jumped 28.3% to ₹34.66 billion, while erection and sub-contracting expenses fell 8.1% to ₹18.79 billion.

Finance cost for the quarter increased 10.3% to ₹1.70 billion. Other expenses rose 18.9% to ₹5.55 billion. Tax outgo climbed 78.1% to ₹739.6 million.

For fiscal 2024–2025, net profit rose 65% to ₹5.71 billion and revenue increased 9.6% to ₹218.47 billion. The company also declared a final dividend of ₹5.50 per share for 2024-25.