KEC International has achieved a record-breaking performance in FY26, posting revenues of ₹23,506 crore, an 8% year-over-year increase. The company saw a robust 18% growth in Operating PAT and maintains a healthy order book and L1 position exceeding ₹40,000 crore. Despite global geopolitical challenges and labor issues, the company continues to expand its footprint in transmission, civil infrastructure, and renewable energy sectors, positioning itself for long-term multi-decadal growth.
Financial Highlights
The company delivered a strong fiscal year, marked by record revenues of ₹23,506 crore. Operating profit showed significant resilience, with Operating PAT growing by 18%. Over the last three years, the company has successfully achieved a nearly 4x growth in PAT. The net worth has now surpassed ₹6,000 crore, with the Return on Net Worth (RoNW) standing at 10%, reflecting an expansion of over 500 bps during the last three years.
Segment Performance Overview
The Transmission & Distribution (T&D) segment remains the primary growth driver, contributing 68% of total revenue. The segment recorded revenues of ₹15,883 crore, a 24% year-over-year increase. Similarly, the Civil business demonstrated significant progress with revenues of ₹3,823 crore and an order intake growth of more than 2x. The Cables business also achieved its highest-ever revenues of ₹2,217 crore, reflecting a 23% strong growth.
Strategic Order Book and Future Outlook
KEC International maintains a diversified order book and L1 position of over ₹40,000 crore, providing a healthy revenue visibility with an Order Book to Revenue Ratio of 1.7 times. The company is actively pursuing new opportunities in the Renewables sector, where it has already commissioned ~1,000 MW of solar capacity. Management remains focused on capital efficiency, profitability improvement, and execution excellence to navigate potential risks such as the West Asia crisis and labor availability.
Sustainability Initiatives
The company continues to prioritize ESG excellence, achieving an increased solar footprint of ~39% across its factories. All five manufacturing plants in India are now water positive. These efforts have led to improved ESG ratings from global agencies, including MSCI Morgan Stanley, S&P Global DJSI, and Morningstar Sustainalytics, further cementing the company’s commitment to sustainable business practices.
Source: BSE
