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Informist, Friday, Jan. 30, 2026

By Gunjan Rajput 

MUMBAI – KEC International Ltd. reported a double-digit on-year revenue growth for the December quarter. However, the company's consolidated net profit for the quarter declined marginally on year due to an exceptional item on account of the implementation of the new labour codes.

The Mumbai-based company's consolidated net profit for the December quarter was INR 1.27 billion, down nearly 2% from INR 1.30 billion in the year-ago quarter. Analysts had expected the net profit at nearly INR 2 billion. Sequentially, the net profit declined nearly 21%. 

The company's revenue from operations for the December quarter was INR 60.01 billion, up over 12% on year from INR 53.49 billion. Analysts had expected revenue to rise around 16% on year to INR 61.87 billion. Sequentially, the revenue declined over 1%. 

The company said its results for the December quarter and the nine months ended Dec. 31 included exceptional items related to the new labour codes. It has recognised INR 587.80 million as incremental employee benefit obligations. The company is reassessing and implementing the changes to its existing employee benefit policies, it said. Adjusted for the impact of the new labour codes, the company's net profit would have been INR 1.86 billion for the reporting quarter, still below the Street's estimate.  
 

The company's other income rose multifold to INR 102 million for the reporting quarter. 

In Oct-Dec, KEC International's total expenditure was INR 57.93 billion, up nearly 12% from INR 51.91 billion a year ago. Cost of material consumed increased over 21% on year, while employee benefits expenses rose nearly 10%. The company's other expenses grew nearly 7% on year. 

The Mumbai-based company's consolidated earnings before interest, tax, depreciation, and amortisation rose to INR 4.30 billion in the reporting quarter from INR 3.74 billion a year ago. The EBITDA margin expanded to 7.2% in the December quarter from 7.0% a year ago. 

"During the quarter, we secured multiple strategic orders, strengthening our order book and L1 position to over Rs. 41,000 crore (INR 410 billion). With a strong focus on execution, expanding capacity, a robust order book and a substantial tender pipeline, particularly in T&D (transmission and distribution) and Civil, we remain well positioned to drive sustained and profitable growth in the coming quarters," Managing Director and Chief Executive Officer Vimal Kejriwal said in the company's investor presentation.

For Apr-Dec the company's net profit was INR 4.13 billion and revenue from operations was INR 171.16 billion. Its net profit for the period rose nearly 36% on year, while revenue grew over 14% on year.

 
The company released its December quarter results after market hours. On Friday, shares of KEC International closed nearly 3.5% higher at INR 667.15 on the National Stock Exchange.  End

Edited by Tanima Banerjee

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