KEC International Q3 Results: Revenue up 12%, profit dips marginally on labour code hit

KEC International Limited on Friday, January 30, reported a mixed set of earnings for the December quarter, with profit slipping marginally even as revenue and operating performance remained strong.

The infrastructure engineering company posted a consolidated net profit of ₹127.5 crore in Q3FY26, down 1.6% year-on-year from ₹129.6 crore in the same period last year. Revenue from operations, however, rose a healthy 12.2% YoY to ₹6,001 crore, compared with ₹5,349 crore a year ago, supported by robust execution across projects.

Operating performance improved during the quarter, with EBITDA climbing 15% YoY to ₹430.3 crore from ₹374.3 crore. EBITDA margin edged up to 7.1% from 7% in the year-ago period, reflecting better operating leverage and cost efficiencies despite a challenging input cost environment.

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Profit before tax and exceptional items stood at ₹218.7 crore, up sharply from ₹159.8 crore last year. However, the company booked exceptional items of ₹58.8 crore during the quarter, linked to incremental employee benefit obligations arising from the implementation of the new labour codes, which weighed on reported profitability.

For the nine months ended December 31, 2025, KEC International’s consolidated revenue increased to ₹17,116 crore from ₹14,975 crore a year ago, while net profit rose to ₹412.8 crore from ₹302.6 crore in the corresponding period.

KEC operates across EPC and cables businesses, with the EPC segment continuing to account for the bulk of revenues, driven by strong traction in transmission, railways and civil infrastructure projects.

Shares of the company closed 3.82% higher at ₹669.35 ahead of the Q3 results announcement on Friday. The stocnk has declined 8.65% in the last one month.