KEC Delivers Resilient Q1 Performance: Revenues Maintained as Company Strengthens Order Book and Reduces Net Debt

KEC Delivers Resilient Q1 Performance: Revenues Maintained as Company Strengthens Order Book and Reduces Net Debt​

KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, announced its financial results for the first quarter (Q1 FY27) ended June 30, 2026. The company reported revenues of Rs. 5,024 crore and a Profit After Tax (PAT) of Rs. 73 crore.

Despite operating challenges in the sector, KEC maintained its revenue while significantly strengthening its order book and reducing net debt.

Operational Highlights and Financial Metrics​

The company recorded a notable reduction in Net Debt, which declined by more than Rs. 150 crore to reach Rs. 6,568 crore as of June 30, 2026, compared to March 31, 2026. Furthermore, the Net Working Capital (NWC) was reduced to 134 days as at June 30, 2026, down from 137 days recorded on March 31, 2026.

KEC International also reported a robust order pipeline. The current consolidated order book and L1 position stand at over Rs. 40,000 crore. Year-to-Date (YTD) Order Intake totaled Rs. 6,303 crore across T&D, Civil, Renewables, Cables & Conductors, and Transportation sectors.

The comparison of the company's financial performance for Q1 FY27 against Q1 FY26 is detailed below:

Management Commentary​

Mr. Vimal Kejriwal, MD and CEO of KEC International Ltd., commented on the performance, stating that the company delivered a resilient performance for the quarter by maintaining revenues, strengthening its order book, reducing debt, and building a healthy growth pipeline despite a challenging operating environment.

He noted that while the performance could have been better, factors such as geopolitical disruptions in the Middle East, labour shortages, and calibrated execution of water projects due to delayed payments contributed to challenges.

Mr. Kejriwal added that he believes these issues are largely transitory. He expressed confidence in delivering stronger execution and improved financial performance in coming quarters, citing the gradually normalizing supply chains, improving labour availability, an order book and L1 position exceeding Rs. 40,000 crore, a robust tender pipeline exceeding Rs. 2 lakh crore, and strong opportunities across both domestic and international markets.

KEC International is described as a global infrastructure Engineering, Procurement and Construction (EPC) major with a presence in verticals including Power Transmission and Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries and is the flagship company of the RPG Group.

KEC Stock Price Movement​

KEC International Limited shares settled lower today after shedding 0.62% to close at ₹475.85. The stock traded within an intraday range of ₹474.2 to ₹480.45 and recorded a volume of 598,668 shares during the session.