KEC International Q2 Review - Execution On Track But Margin Headwinds Persist: Dolat Capital
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
KEC International Ltd. reported an earnings decline of 19% YoY owing to subdued margin performance at 7.1% (contraction of 195 basis points YoY) largely led by operational losses at SAE Towers and inflationary input prices.
The operations in SAE Brazil are expected to normalise by Q4, as two legacy projects are expected to be completed in Q3 FY22E.
KEC International's order inflows in year-to-date FY22 stood at Rs 74 billion versus guided inflows of Rs 150 billion (revised downwards from Rs 160 billion) for FY22E.
Overall, pipeline remains healthy at Rs 650 plus billion, with good tender visibility seen in International transmission and distribution, and encouraging prospects continuing for railways and civil business.
Click on the attachment to read the full report:
This 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 author entity 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.