EBITDA improved by 13% YoY to Rs 283 crore in the fourth quarter. EBITDA margins were at 5.1% in Q4 FY23 as against 5.9% in Q4 FY22.

Interest outgo jumped 69% to Rs 162 crore in Q4 FY23 from Rs 95 crore in Q4 FY22.

Profit before tax (after exceptional item) in Q4 FY23 stood at Rs 86 crore, down by 27% from Rs 118 crore in Q4 FY22.

The company recorded 47% drop in consolidated net profit to Rs 176 crore despite a 26% jump in revenues to Rs 17,282 crore in FY23 as compared with FY22.

The company said that its FY23 Order intake was Rs 22,378 crore, growth of approximately 30% YoY. Order Book as on 31 March 2023 of Rs 30,553 crore, up approximately 29% YoY.

Net Debt including acceptances stood at Rs 4,985 crore as on 31 March 2023 against Rs 4,765 crore as on 31 March 2022. Net working capital (NWC) stands at 118 days as on 31 March 2023 – reduction of 19 days vis-à-vis 31 March 2022 and reduction of 21 days vis-à-vis 31 December 2022.

The company's board has recommended a dividend of Rs 3 per equity share for FY23.

Vimal Kejriwal, MD & CEO, KEC International, commented, “We have delivered a notable performance for the year by achieving the highest ever revenues & order intake and considerable improvement in working capital. The EBITDA margins of the last two quarters have improved sequentially from 4.4% to 5.1%.

We are also pleased that SAE Brazil has delivered a positive EBITDA for Q4 FY23 and is on track to deliver a gradual improvement in profitability in the coming quarters. The uptick in order intake has enhanced our order book & L1 stand to over Rs. 34,000 crore.

Our focus on cash flows and working capital have brought down our Net debt including acceptances by approximately Rs 1,100 crore in the last three quarters. With a robust order book & L1 and strong focus on execution, we are confident of delivering an improved performance for both revenues and margins.”

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, railways, civil, urban infrastructure, solar, smart infrastructure, oil & gas pipelines, and cables. It is the flagship company of the RPG Group.

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