KEC International Q4 Review - Steady Performance Amid Challenges: ICICI Direct
KEC International Ltd. transmission towers. (Source: Company website)

KEC International Q4 Review - Steady Performance Amid Challenges: ICICI Direct


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.

ICICI Direct Report

KEC International Ltd. reported a steady set of Q4 FY21 numbers.

The topline came in at Rs 4,360.5 crore, up 18.8% YoY, (above our estimate of Rs 4,053.9 crore) aided by strong growth in non-transmission and distribution.

Overall, transmission and distribution contributed 51% followed by railways (28%), civil (11%) and cable (8%) to revenues.

Ebitda margins came in at 8.1% (below our estimate of 8.9%), down 200 basis points YoY mainly impacted by execution headwinds in SAE (Brazil) and commodity prices, while absolute Ebitda came in at Rs 354.5 crore, down 4.4% YoY.

Profti after tax came in at Rs 194.3 crore, almost flat YoY.

Click on the attachment to read the full report:

ICICI Direct KEC International Q4FY21 Result Update.pdf


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