KEC International Q3 Review - Growth Prospects Remain Good: Dolat Capital
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Dolat Capital Report
KEC International Ltd. has reported Q3 revenue, Ebitda and profit after tax in line with estimates, with supply chain and labor levels back to normal.
Order inflow for year-to-date FY21 was Rs 68.3 billion, with 52% domestic orders. Order book is at Rs 179 billion, and Rs 240 billion if current level-one orders are included.
The overall tender pipeline is strong with revised GEC bids in transmission and distribution, and railway tendering having restarted, the company has quoted for orders of Rs 300 billion where bids will be opened in the next two to three months.
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