KEC Intl
Kec International posted a very good set of numbers for Q4FY17, mainly on the back of lower expenses. The company, which is mainly into EPC related to the power sector, reported a whopping 91% (YoY) jump in consolidated net profit at Rs.145 crore. This was on a modest 10% jump in net sales at Rs.2884. A jump in other income – up from Rs1 crore to Rs.11 crore and reduction in expenses – total costs were 93% of total income vis-à-vis 95% in previous Q4.
EBITDA improved 29% to Rs.301 crore and margins rose from 8.9% to 10.4%. Interest cost as a percentage of total sales was down from 2.7% to 2.2%. PAT margins too improved from 2.9% to 5%.
The company ended FY17 with a consolidated net revenue at Rs.8755 crore, almost same level as in FY16 but net profit showed a fantastic jump up of 106% at Rs.305 crore. Equity stands at Rs.51.42 crore and EPS for the year came in at Rs.11.85 (FV of Rs.2). Its total debt at end of FY17 stands at Rs.2736 crore.
Order book as at 31st March 2017 stood at Rs.12,631 crore of which, 72% is from Transmission & Distribution (T&D).