KEC International has been posting consistently god numbers for the past few quarters. And it did not disappoint in Q1FY16 too. Following the same trend, it posted very encouraging numbers – on a consolidated total income of Rs.1878 crore, up 9% (YoY), it posted an almost 3 times surge in net profit at Rs.30 crore.

Its consolidated EBITDA rose 38% to Rs 141 crore and margins rose from 5.9% to 7.5%. Interest costs showed an increase of almost 8% and tax outgo burgeoned 4 times at Rs.20 crore. Its order book currently stands at Rs 10537 crore as compared to Rs 10325 crore in Q1 June 2014.

On 22nd July’15, the company completed the sale of its telecom assets to ATC Telecom Tower Corporation Private Limited for a total consideration of Rs. 82.3 crore.
The telecom assets, consisting of 381 telecom sites, are in the states of Chhattisgarh. Meghalya and Mizoram. This asset sale benefit will reflect in the Q2 performance.