KEC International Ltd (NSE:KEC)

Q3 2026 KEC International Ltd Earnings Call Transcript

Jan 30, 2026 / 11:30 AM GMT

Release Date Price: ₹667.15 (+3.48%)

Transcript

Key Points

Positve

KEC International Ltd (BOM:532714) reported record revenues of INR 6,001 crore for Q3, reflecting a strong growth of 12% year-on-year.
The company's EBITDA grew by 15% in Q3 and 22% over nine months, with margins increasing by 20 basis points year-on-year to 7.2%.
Order intake was robust, with INR 19,300 crore secured, 70% of which came from the TND business across India and international markets.
The company has a strong order book of INR 36,725 crore, including L1 positions, providing significant revenue visibility.
KEC International Ltd (BOM:532714) has successfully expanded its capacity in several plants, enhancing its ability to meet rising demand for transmission infrastructure.

Negative

The company's net debt increased to INR 6,806 crore as of December 31, 2025, due to strong revenue growth and strategic inventory increases.
EBITDA margins were impacted by slower progress in water projects and delays in metro project completions.
The civil business faced challenges due to labor constraints and delayed payments in water projects, affecting revenue potential.
The transportation segment experienced pressures on revenue and order book, with a strategic focus on technology-led projects to regain momentum.
Margins are expected to be lower than initially guided, with the full-year margin now anticipated to be between 7% and 7.5%.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KECL.NS - KEC International Ltd
Q3 2026 KEC International Ltd Earnings Call
Jan 30, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to KEC International Limited Q3 FY26 earnings conference call. From the management we have with us today, Mr.

B Milkeriwal, managing director and CEO, and Mr. Rajil Bhakriwal, CFO of a company. As a reminder, all participants line will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing 100 on your touchstone phone.

Please note that this conference is being recorded. I now hand over the conference to Mr. Verkeriwal.

Thank you and over to you, sir.

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