Geojit: KEC International Delivers Better Q1 Performance Despite Challenges

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.KEC International Ltd. is a global infrastructure engineering procurement and construction major. It has presence in the verticals of power, transmission and distribution (T&D), cables, railways and water and renewable.Q1 FY21 revenue de-grew by 8.5% due to impact on execution in April 2020. However, during May and June execution witnessed a healthy improvement led by railway and civil segment.Ebitda margin declined by 159 basis points YoY to 8.83% despite 83 basis points YoY improvement in gross margin at 30.1%. Order book (including Level 1) stands at Rs.24,500 crore supported by 73% rise in order inflow, provide strong visibility.Better order pipeline in railway, international T&D and civil to add positivity on order book. We believe near term headwinds has been factored in stock prices and execution to pick up from H2 FY21..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Geojit: KEC International Delivers Better Q1 Performance Despite Challenges