KEC International Reports Q1 FY27 Results; Consolidated Revenue Holds Steady at ₹5,024 Crore

Infrastructure EPC major and RPG Group company KEC International Limited (NSE: KEC | BSE: 522287) has announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), maintaining consolidated top-line stability while navigating interest cost and margin pressures.

Consolidated Financial Performance (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Stood at ₹5,024 crore in Q1 FY27, staying virtually flat compared to ₹5,023 crore reported in Q1 FY26.

Operating EBITDA: Came in at ₹291 crore for the quarter, compared to ₹350 crore in the year-ago period.

EBITDA Margin: Contracted by 120 basis points YoY to 5.8%, down from 7.0% in Q1 FY26.

Finance Costs: Interest expenses as a percentage of revenue rose to 3.3%, compared to 3.0% in Q1 FY26.

Profit Before Tax (PBT): Stood at ₹90 crore in Q1 FY27 against ₹159 crore in Q1 FY26, with PBT margin coming in at 1.8% (down from 3.2%).

Profit After Tax (PAT): Came in at ₹73 crore, down from ₹125 crore recorded in Q1 FY26. PAT margin stood at 1.4% against 2.5% in the corresponding prior-year period.

Standalone Financial Performance (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Stood at ₹3,898 crore in Q1 FY27, down 3.3% compared to ₹4,030 crore in Q1 FY26.

Operating EBITDA: Decreased to ₹156 crore from ₹197 crore in Q1 FY26, with EBITDA margin easing to 4.0% against 4.9%.

Finance Costs: Interest expenses as a percentage of revenue increased to 3.5% from 3.1% YoY.

Profit Before Tax (PBT) & PAT: Standalone PBT and PAT both came in at ₹1 crore for Q1 FY27 (PBT Margin and PAT Margin near 0.0%), compared to PBT of ₹50 crore (1.2% margin) and PAT of ₹37 crore (0.9% margin) in Q1 FY26.

Consolidated Order Intake and Order Book:

Order Intake:

- YTD Order Intake of Rs. 6,303 crore across T&D, Civil, Renewables, Cables & Conductors and Transportation Order Book:

- Current order book & L1 position stands at over Rs. 40,000 crore

Consolidated Net Debt and Net Working Capital:

- Net debt including Acceptances has been reduced by more than Rs. 150 crore to Rs. 6,568 crore as on 30 Jun'26 vis-à-vis 31 Mar'26

- Net Working Capital (NWC) stands has been reduced to 134 days as on 30th Jun'26 vis-à-vis 137 days as on 31st Mar'26

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We delivered a resilient performance for the quarter, by maintaining revenues, strengthening our order book, reducing debt and building a healthy growth pipeline, despite a challenging operating environment. The performance for the quarter could have been better but for the continued geopolitical disruptions in the Middle East, labour shortages and calibrated execution of water projects due to delayed payments. While certain near-term challenges persist, we believe they are largely transitory. With supply chains gradually normalising, labour availability improving, an Order Book and L1 position of over Rs. 40,000 crore, a robust tender pipeline exceeding Rs. 2 lakh crore, and strong opportunities across both domestic and international markets, we remain confident of delivering stronger execution and improved financial performance in the coming quarters."

Shares of KEC International Limited was last trading in BSE at Rs. 475.50 as compared to the previous close of Rs. 479.20. The total number of shares traded during the day was 70277 in over 2313 trades.

The stock hit an intraday high of Rs. 481.20 and intraday low of 474.10. The net turnover during the day was Rs. 33486330.00.

Source : Equity Bulls

Keywords

KECInternational INE389H01022 Q1FY27 Q1FY2027 ResultUpdate