KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, announced its results for the fourth quarter (Q4 FY23) and full year (Financial Year 2023) ended March 31, 2023.
More Details:
FY23 v/s FY22 (Excluding Exceptional Item)
- Revenue: Rs. 17,282 crore against Rs. 13,742 crore
- EBITDA: Rs. 830 crore against Rs. 904 crore
- EBITDA Margin (Y-o-Y): 4.8% against 6.6%
- Interest as % to Revenue: 3.1% against 2.3%
- PBT: Rs. 161 crore against Rs. 443 crore
- PBT Margin: 0.9% against 3.2%
- PAT: Rs. 176 crore against Rs. 363 crore
- PAT Margin: 1.0% against 2.6%
Consolidated Order Intake and Order Book:
- Order Intake: FY23 Order intake of Rs. 22,378 crore, a stellar growth of ~30% YoY.
- Order Book: Order Book as on 31 March 2023 of Rs. 30,553 crore, a robust growth of ~29% YoY; Additionally, L1 of over Rs. 3,500 crore.
Consolidated Net Debt and Net Working Capital:
- Net Debt including Acceptances stand at Rs. 4,985 crore as on 31st Mar’23 against Rs. 4,765 crore as on 31st Mar’22 despite a Revenue increase of ~Rs. 3,500 crore, a growth of 26% YoY.
- Net Working Capital (NWC) stands at 118 days as on 31st Mar’23 – Reduction of 19 days vis-à-vis 31 Mar’22 and reduction of 21 days vis-à-vis 31st Dec’22
Dividend:
- Recommended a Dividend of Rs. 3/- per equity share i.e. 150% of face value of Rs. 2/- each for FY23.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a notable performance for the year by achieving the highest ever Revenues & Order Intake and considerable improvement in Working Capital. The EBITDA margins of the last two quarters have improved sequentially from 4.4% to 5.1%. We are also pleased that SAE Brazil has delivered a positive EBITDA for Q4 FY23 and is on track to deliver a gradual improvement in profitability in the coming quarters. The uptick in order intake has enhanced our order book & L1 stand to over Rs. 34,000 crore. Our focus on cash flows and working capital have brought down our Net debt including acceptances by ~Rs. 1,100 crore in the last three quarters. With a robust order book & L1 and strong focus on execution, we are confident of delivering an improved performance for both Revenues and Margins”
About KEC International Limited:
- KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major.
- It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Cables.
- The Company is currently executing infrastructure projects in 30+ countries and has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.
About RPG Enterprises:
- RPG Enterprises, established in 1979, is one of India’s fastest growing business groups with a turnover of US$ 4 Billion.
- The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.
Source: KEC- Press Release | Image Credit (representational): KEC International
