EBITDA declined 16.9% to ₹290.8 crore from ₹350.1 crore in the year-ago quarter, while the EBITDA margin narrowed to 6% from 7%.
Challenges weigh on execution
The company said its performance could have been better but was affected by the West Asia crisis, labour shortages and slower execution in water projects.
Vimal Kejriwal, Managing Director and CEO of KEC International, said the company maintained revenue, strengthened its order book and reduced debt despite the challenging operating environment.
He said the near-term challenges are largely transitory, with supply chains gradually normalising and labour availability improving.
Order intake crosses ₹6,300 crore
KEC International said its year-to-date order intake has exceeded ₹6,300 crore across its Transmission & Distribution (T&D), Civil, Renewables, Cables & Conductors and Transportation businesses.
The company’s order book and L1 position stood at over ₹40,000 crore, with more than 60% coming from the T&D business.
The company also has a tender pipeline of over ₹2 lakh crore, which is equally distributed between T&D and non-T&D businesses.
Segment highlights
The T&D business reported revenue of ₹3,217 crore, with order intake of around ₹3,600 crore across India, the West Asia, Africa and the Americas. Its order book and L1 position stood at over ₹25,000 crore.
The Civil business recorded revenue of ₹993 crore and order intake/L1 of over ₹1,400 crore. Its order book and L1 position exceeded ₹10,000 crore.
The Cables & Conductors business reported revenue of ₹601 crore, up 57% year-on-year. The company said elastomeric cable production is slated to begin in Q2 FY27, followed by commissioning of the E-Beam plant in Q3 FY27.
The Renewables business secured new orders of around ₹800 crore across wind and solar segments, while the Transportation business reported revenue of ₹259 crore and secured orders worth over ₹250 crore in the Automatic Block Signalling segment.
KEC International Ltd shares closed 0.62% lower at ₹475.90 on the NSE on Monday, ahead of the company’s June-quarter earnings announcement.
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