KEC International reported a 12% YoY increase in revenues for Q3 FY26, reaching ₹6,001 Cr. Operating PBT increased by 37% YoY. The company secured significant order intake, including its largest-ever T&D order in India. The management remains focused on execution and profitable growth in key sectors like T&D and Civil.
Financial Performance in Q3 FY26
KEC International announced its financial results for the third quarter of fiscal year 2026, demonstrating growth across various key parameters:
- Revenues: Increased by 12% year-over-year (YoY) to ₹6,001 Cr.
- EBITDA: Up by 15% YoY, reaching ₹430 Cr, with a margin of 7.2%.
- Operating PBT: Increased significantly by 37% YoY to ₹219 Cr.
- Operating PAT: Rose by 32% YoY to ₹171 Cr.
9M FY26 Performance Highlights
The company’s performance for the nine months ending December 31, 2025, also showed positive trends:
- Revenues: Increased by 14% YoY to ₹17,116 Cr.
- EBITDA: Increased by 22% YoY to ₹1,211 Cr, resulting in a 7.1% margin.
- Operating PBT: Increased by 53% YoY to ₹590 Cr.
- Operating PAT: Increased by 51% YoY to ₹457 Cr.
Note: Operating PBT & PAT excludes a provision of ₹59 Cr in Q3 FY26 related to new labor codes.
Key Business Highlights
T&D
- Revenue of ₹4,161 Cr, a 31% YoY increase.
- Order intake of over ₹13,500 Cr across various regions.
- Secured largest-ever T&D order in India, valued at ~₹1,050 Cr.
Civil
- Revenue of ₹923 Cr impacted by labor shortages and delayed payments.
- YTD order inflows of over ₹4,000 Cr in Buildings & Factories.
Transportation
- Revenue of ₹349 Cr, with a focus on project completion.
- Secured 3 orders for Train Collision Avoidance System (TCAS) under KAVACH.
Cables & Conductors
- Revenue of ₹556 Cr, a 37% YoY increase.
- Gradual improvement in profitability.
Renewables
- Revenue of ₹122 Cr.
- Forayed into the Wind Energy segment with a 100+ MW Wind project order.
Oil & Gas
- Revenue of ₹77 Cr.
- Secured its third international order for a pipeline laying project in the Middle East.
Management Commentary
Management is pleased with the growth in revenues and operating profitability, especially driven by the T&D and Cables & Conductors businesses. The company remains focused on execution, expanding capacity, and maintaining a robust order book.
Source: BSE
