KEC International Q2 net profit plunges to Rs 30 cr

New Delhi, Nov 3 (PTI) KEC International’s consolidated net profit plunged multifold to Rs 30 cr in the September quarter, amid project execution challenges.

It had clocked a net profit of Rs 161 crore in the second quarter of the preceding financial year, the company said in a statement on Tuesday.

During the July-September period of FY27, the company’s revenue dropped to Rs 5,468 crore, down 10 per cent against Rs 6,092 crore in the year-ago period.

Vimal Kejriwal, MD & CEO, KEC International commented, “We navigated a challenging operating environment during the quarter on account of continued geopolitical and supply chain disruptions in the Middle East, Right of Way (RoW) and land acquisition related challenges in India T&D and calibrated supplies

of select projects amidst the elevated global cost environment.”

With an order book and L1 position of Rs 43,500 crore and a tender pipeline exceeding Rs 2 lakh crore, KEC is confident of an improved performance in the coming quarters, he said.

Part of RPG Group, KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major having presence in the verticals of Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines and Cables. PTI ABI SHM