Revenues rose by 14% year-over-year (YoY) to Rs 5,007 crore during the period under review.

EBITDA in the third quarter improved by 54% to Rs 308 crore from Rs 200 crore posted in the same period last year. EBITDA margin was 6.2% in October – December 2023 quarter as against 4.6% in October – December 2022 quarter.

Profit before tax in Q3 FY24 stood at Rs 121 crore as against Rs 11 crore in Q3 FY23.

The company’s year-to-date (YTD) order intake was Rs 13,000 crore, with significant contributions from T&D and civil businesses. The YTD order book + L1 position stood at a record level of over Rs 38,000 crore, including L1 position of over Rs 8,000 crore.

Net debt, including acceptances, stood at Rs 6,045 crore as on 31 December 2023, which is lower by 5% as compared with Rs 6,339 crore as on 30 September 2023.

Net working capital (NWC) was at 129 days as on 31 December 2023 as against 140 days as on 30 September 2023.

Vimal Kejriwal, MD & CEO, KEC International, commented: "We have delivered an impressive performance for the quarter, marked by robust revenue growth, a noteworthy increase in profitability and positive developments in working capital. The transmission and distribution (T&D) and civil businesses have been the primary growth drivers.

Our EBITDA margins continue to show an upward trajectory with an improvement every quarter with the margins increasing by a good 160 basis points, from 4.6% in Q3 FY23 to 6.2% in Q3 FY24. SAE Towers delivered a positive Profit Before Tax (PBT) for the third consecutive quarter.

With a record order book & L1 position of over Rs 38,000 crore and a promising tender pipeline, we are confident of concluding the year with a healthy growth."

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. The company is currently executing infrastructure projects in more than 30 countries and has a footprint in more than 110 countries (includes EPC, Supply of Towers and Cables). It is the flagship company of the RPG Group.