KEC International Limited Reports Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 11:18 am
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KEC International Limited reported standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 19,347.7 million against INR 20,761.9 million a year ago. EBITDA was INR 1,820 million against INR 1,670 million a year ago. Profit before tax was INR 1,010 million against INR 690 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,519.9 million against INR 1,358.6 million a year ago. Net profit for the period was INR 626 million or INR 2.43 per basic and diluted share before and after extraordinary items against INR 261.9 million or INR 1.02 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 57,956.6 million as against INR 60,207.9 million a year ago. EBITDA was INR 5,170 million against INR 4,590 million a year ago. Profit before tax was INR 2,550 million against INR 1,710 million a year ago. Profit after tax was INR 1,590 million against INR 710 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,278.5 million against INR 3,709.5 million a year ago. Net profit for the period was INR 1,592.5 million or INR 6.19 per basic and diluted share before and after extraordinary items against INR 714.7 million or INR 2.78 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations of INR 17,132.1 million against INR 18,992.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,446.2 million against INR 1,341 million a year ago. Profit from ordinary activities before tax was INR 1,051.6 million against INR 784.3 million a year ago. Net profit for the period was INR 708.2 million or INR 2.75 per basic and diluted share before and after extraordinary items against INR 399.3 million or INR 1.55 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 50,399.4 million against INR 54,590.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,621.7 million against INR 3,862.3 million a year ago. Profit from ordinary activities before tax was INR 2,267.4 million against INR 2,185.4 million a year ago. Net profit for the period was INR 1,494.3 million or INR 5.81 per basic and diluted share before and after extraordinary items against INR 1,250.2 million or INR 4.86 per basic and diluted share before and after extraordinary items a year ago.
KEC International Limited is an India-based global infrastructure engineering, procurement and construction (EPC) company. The Company a has presence in the verticals of power transmission and distribution, railways, civil, urban infrastructure, solar, oil and gas pipelines, and cables. Its power transmission and distribution vertical offer integrated solutions ranging from design, manufacturing, supply, installation, and commissioning of transmission lines, substations and underground cabling in both domestic and international markets. It has a diverse portfolio of projects in railways across overhead electrification (OHE), laying of new railway lines, doubling and tripling of tracks, tunnel ventilation, speed upgradation, and construction of railway stations, platforms and bridges, among others. The Company's civil vertical is focused on projects, in segments such as buildings and factories, public spaces, water pipelines and water treatment plants, logistics, and warehouses.