KEC International Shares Soar 7.5% on Upbeat Q4 Earnings, Robust Order Book

Shares of KEC International surged as much as 7.5% on May 27 as investors cheered for the company’s solid earnings performance for the March quarter, driven largely by its robust order book.

The construction major delivered a 76% on year surge in its consolidated net profit for the March quarter, which came at Rs 268 crore, up from Rs 152 crore in the year ago period. Revenue also moved higher, growing 11.5% on year to Rs 6, 872 crore as against Rs 6,165 crore in the same period last fiscal. It’s also worth noting that the company’s revenue in Q4 was also its highest-ever.

Further adding to the optimism, the company’s operational performance also improved significantly as EBITDA margin swelled up 150 basis points on year to 7.8% in the January-March period.

Meanwhile, KEC’s future prospects appear robust, with the company already securing orders worth Rs 2,000 crore in FY26 to date. In FY25, the company recorded an order intake of Rs 24,689 crore, reflecting impressive year-on-year growth of over 36%.

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Furthermore, as of 31 March 2025, KEC’s order book stood at Rs 33,398 crore, reinforcing investor confidence. Including recent wins and lowest positions, the total order book now stands at an estimated Rs 40,000 crore, adding yet another layer of optimism around the company’s growth trajectory.

Within its order book, the largest contribution came from the transmission and distribution segment, which accounted for 59% of the total. This was followed by civil projects at 26% and transportation orders at 11%. The remaining 4% comprised orders from the cables, oil and gas, and renewables verticals.

“Our sharp focus on cash flow management is reflected in the significant reduction in debt levels and interest costs during the year. The order book has been substantially strengthened with multiple strategic wins, taking the combined order book and L1 position beyond Rs 40,000 crore. Backed by the robust order book and a healthy tender pipeline, we are well positioned to drive sustained and profitable growth in the coming quarters,” Vimal Kejriwal, MD, KEC International said in an exchange filing.