KEC International announced strong financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2025. Revenue grew by 12% in Q3 and 14% in 9M. Operating PAT increased significantly by 32% in Q3 and 51% in 9M. The company reported a Year-to-Date order intake of approximately ₹19,300 crore, with an order book and L1 position exceeding ₹41,000 crore.
Financial Performance Highlights
KEC International showcased healthy growth in revenue and operating profitability for both the quarter and nine-month period ending December 31, 2025.
Consolidated Financial Results
Q3 FY26 Performance
The company’s consolidated revenue reached ₹6,001 crore, compared to ₹5,349 crore in Q3 FY25. EBITDA stood at ₹430 crore, up from ₹374 crore, resulting in an EBITDA Margin of 7.2%. Operating PBT was reported at ₹219 crore, a significant increase from ₹160 crore, yielding an Operating PBT Margin of 3.6%. Operating PAT grew to ₹171 crore from ₹130 crore, with an Operating PAT Margin of 2.9%.
9M FY26 Performance
For the nine-month period, consolidated revenue was ₹17,116 crore, compared to ₹14,975 crore in 9M FY25. EBITDA increased to ₹1,211 crore from ₹989 crore, with an EBITDA Margin of 7.1%. Operating PBT surged to ₹590 crore from ₹385 crore, resulting in an Operating PBT Margin of 3.4%. Operating PAT rose to ₹457 crore from ₹303 crore, with an Operating PAT Margin of 2.7%.
Standalone Financial Results
Q3 FY26 Performance
Standalone revenue was reported at ₹4,808 crore, slightly up from ₹4,758 crore in Q3 FY25. EBITDA was ₹276 crore. EBITDA Margin stood at 5.7%.
9M FY26 Performance
For the nine-month period, standalone revenue was ₹13,787 crore, compared to ₹13,130 crore. EBITDA was ₹781 crore and EBITDA Margin remained consistent at 5.7%.
Order Book and Net Debt
The company’s YTD order intake reached ₹19,265 crore, with a total order book of ₹36,725 crore and additional L1 orders of approximately ₹4,500 crore. Net debt, including acceptances, stood at ₹6,806 crore as of December 31, 2025.
Management Commentary
Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the company’s revenue and operating profitability growth, driven by strong performances in the T&D and Cables & Conductors businesses. He highlighted the strong order book and substantial tender pipeline in T&D and Civil, which positions the company well for sustained and profitable growth in the coming quarters.
Source: BSE
