Q4 2025 KEC International Ltd Earnings Call Transcript
Key Points
- KEC International Ltd (BOM:532714) achieved record-breaking revenues and highest ever profitability in FY25, with a significant reduction in debt levels.
- The company delivered the highest ever quarterly revenues of INR6,872 crores in Q4, marking a solid growth of 28% sequentially and 11% YoY.
- Order intake remained strong with new orders of INR5,700 crores in Q4, largely driven by the T&D business.
- Net debt to EBITDA improved to over 0.9 times from 1.2 times last year, indicating better financial health.
- The company has a well-diversified and strong order book of INR3,398 crores, providing visibility for the next six to eight quarters.
- The profitability and revenue growth were tempered by a conscious slowdown in the execution of water projects due to delayed client payments and labor shortages.
- The Transportation business saw a revenue decline of 32% due to challenges in project completion and market dynamics.
- The Renewable business, despite strong growth, faces challenges with execution timelines and government policy shifts.
- The company is cautious about the order intake in the Transportation sector due to the working capital scenario and market dynamics.
- The oil and gas pipeline business experienced subdued growth due to a slowdown in tendering activities and smaller order sizes.
Ladies and gentlemen, good day, and welcome to KEC International Limited Q4 and FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Vimal Kejriwal, Managing Director and CEO, KEC International Limited.
Thank you, and over to you, sir.
Thanks, Steve. Good morning to all. And welcome to the Q4 earnings call of KEC. Let me begin with an overview of our overall performance and then go into the specifics of each business segment and our key strategic initiatives. FY25 has been a landmark year KEC.
This year marks a significant milestone as we -- eight decades of experience. It has also been a defining year with the induction of our purpose statement we transform lives by building sustainable, world-class infrastructure. This purpose shows as our guiding star shaping our strategy, driving our actions and inspiring our vision for the future.
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