KEC International Ltd.’s shares fell nearly 4% to ₹767.90 during Tuesday’s trading session after the company reported weaker-than-expected results for the third quarter of FY25. The company’s 9MFY25 revenue growth came in at 9%, trailing its FY25 guidance of 15%, raising concerns over future growth prospects.
Key Financial Highlights:
- Q3 Net Profit: ₹130 crore, up 34% YoY but below the ₹162-crore analyst estimate.
- Revenue: ₹5,349 crore, marking a 6.8% YoY increase, but missing the projected ₹5,615 crore.
- EBITDA: ₹374.5 crore, up 22% YoY, with margins expanding to 7% from 6.1% YoY.
- 9MFY25 Revenue Growth: 9%, compared to the company’s full-year target of 15%.
Despite the revenue miss, CEO Vimal Kejriwal remains optimistic, citing a strong order book of ₹41,000 crore and improved execution visibility. However, the company faces headwinds from manpower shortages, geopolitical uncertainties, and increased competition in key segments.
KEC International highlighted several growth tailwinds, including robust government infrastructure investments and momentum in transmission and distribution projects.
