BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KEC International Ltd. reported a strong revenue growth of 18.8% YoY at Rs 43.6 billion.
Ebitda declined by 4.4% to Rs 3.5 billion with margin contracting by 197 basis points at 8.1% mainly due to increase in raw material cost.
Interest as % of revenue stood at 1.4%.
Adjusted profit after tax grew marginally by 0.7%YoY at Rs 1.9 billion.
We expect Ebitda/ earnings per share compound annual growth rate of 15%/20% over FY21-FY23E led by incremental growth from non-transmission and distribution business (especially railways and civil), and improved sales mix from SAE.
We pencil in order inflows of Rs 142 billion in FY22E primarily driven by non-transmission and distribution.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.