KEC International has reported a landmark fiscal year for 2026, achieving record revenues of ₹23,506 crore, representing an 8% year-on-year growth. Despite a challenging fourth quarter, the company significantly improved its operating performance, with EBITDA margins rising to 7.1%. The strong performance was primarily driven by the Transmission & Distribution (T&D) segment, which contributed 68% to the total revenue, while the company’s total order book and L1 position surpassed ₹40,000 crore.
Fiscal Year 2026 Financial Highlights
KEC International delivered a robust financial performance for the full year FY26. The company recorded its highest-ever revenue of ₹23,506 crore. Profitability also saw a positive trajectory; EBITDA margins reached 7.1% compared to 6.9% in the previous year. Operating PBT grew by 21% to ₹848 crore, while operating PAT improved by 18% to ₹650 crore, reflecting the company’s focus on operational excellence.
Segmental Performance Breakdown
The company’s diverse business segments displayed varying results, with Transmission & Distribution (T&D) emerging as the core pillar, reporting a 24% growth in revenue to ₹15,883 crore. The Cables & Conductors business also achieved its highest-ever profitability, growing 23% to ₹2,217 crore. Other segments, including Civil (₹3,823 crore), Transportation (₹1,555 crore), and Oil & Gas (₹258 crore), continue to contribute to the company’s long-term infrastructure goals.
Order Book and Future Outlook
The company enters the new fiscal year with significant momentum, holding a combined order book and L1 position exceeding ₹40,000 crore. Key strategic wins in the Wind, Semiconductor, and HVDC segments highlight the company’s successful diversification strategy. While the management acknowledges geopolitical challenges in the Middle East and potential project delays, they maintain a positive outlook, supported by a healthy tender pipeline and a strong push toward sustainable infrastructure projects.
Commitment to ESG and Sustainability
Beyond financial growth, KEC International has made substantial progress on its ESG roadmap. The company improved its ESG ratings via major global indices and was ranked 19th among India’s most sustainable companies. Significant milestones include all five manufacturing plants in India achieving water-positive status and a 35% reduction in water consumption intensity since FY21, alongside a 25% reduction in GHG emission intensity.
Source: BSE
