| Scrip Code | 532714 |
|---|---|
| NSE Symbol | KEC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE389H01022 |
| Name of company | KEC International Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 30-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | The Group is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure interalia products, projects and systems and related activities |
| Start date and time of board meeting | 30-01-2026 12:30:00 |
| End date and time of board meeting | 30-01-2026 16:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable as the Company has not made any defults on payment of Loans and Debts Securities during the period under review. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 4,80,809.00 | 13,78,656.00 | |
| Other income | 1,216.00 | 3,012.00 | |
| Total income | 4,82,025.00 | 13,81,668.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 2,26,434.00 | 6,39,179.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (1,449.00) | (5,411.00) |
| (d) | Employee benefit expense | 28,377.00 | 85,424.00 |
| (e) | Finance costs | 14,806.00 | 41,734.00 |
| (f) | Depreciation, depletion and amortisation expense | 3,636.00 | 10,455.00 |
| (f) | Other Expenses | ||
| 1 | Erection and sub-contracting expenses | 1,64,269.00 | 4,80,467.00 |
| 2 | Other expenses | 35,570.00 | 1,00,942.00 |
| Total other expenses | 1,99,839.00 | 5,81,409.00 | |
| Total expenses | 4,71,643.00 | 13,52,790.00 | |
| 3 | Total profit before exceptional items and tax | 10,382.00 | 28,878.00 |
| 4 | Exceptional items | (5,229.00) | (5,229.00) |
| 5 | Total profit before tax | 5,153.00 | 23,649.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,129.00 | 5,340.00 |
| 8 | Deferred tax | 126.00 | 155.00 |
| 9 | Total tax expenses | 1,255.00 | 5,495.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 3,898.00 | 18,154.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 3,898.00 | 18,154.00 |
| 17 | Other comprehensive income net of taxes | 1,527.00 | 6,791.00 |
| 18 | Total Comprehensive Income for the period | 5,425.00 | 24,945.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 5,324.00 | 5,324.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 1.46 | 6.82 | |
| Diluted earnings (loss) per share from continuing operations | 0 | 0 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.46 | 6.82 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0 | 0 | |
| 24 | Debt equity ratio | 0.9200 | 0.9200 |
| 25 | Debt service coverage ratio | 1.4300 | 1.5300 |
| 26 | Interest service coverage ratio | 1.7600 | 1.7800 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes: 1. The above results of KEC International Limited, its branches and jointly controlled operations (together referred to as 'Company') were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 30, 2026. The Statutory Auditors of the Company have conducted a Limited Review of the above Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2025. 2. The above results of the Company have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and the other accounting principles generally accepted in India. 3. Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: The Company has unsecured Commercial Papers which are Listed on BSE Limited. Pursuant to SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025, information to the extent applicable to Commercial Papers is given below: Sr. Particulars Quarter ended Nine months ended Year ended Dec 31 Sept 30 Dec 31 Dec 31 Dec 31 Mar 31 2025 2025 2025 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) a) Debt Equity Ratio 0.92 0.90 0.83 0.92 0.83 0.65 b) Debt Service Coverage Ratio 1.43 1.84 1.46 1.53 1.06 1.24 c) Interest Service Coverage Ratio 1.76 1.98 1.70 1.78 1.62 1.81 d) Current Ratio 1.17 1.18 1.15 1.17 1.15 1.19 e)Long term debt to working Capital Ratio 0.10 0.11 0.09 0.10 0.09 0.11 f) Bad debts to Account receivable Ratio ^ 0.01 0.01 0.00 0.01 0.00 0.01 g)Current Liability Ratio 0.98 0.98 0.99 0.98 0.99 0.98 h) Total debts to Total Assets Ratio 0.22 0.23 0.22 0.22 0.22 0.17 i) Debtors Turnover Ratio (No of days) 94 84 82 98 89 81 j) Inventory Turnover Ratio (No of days) 22 20 26 22 30 23 k) Operating Margin excluding exceptional item (%) 5.75 6.21 5.90 5.66 5.22 5.41 l) Net Profit Margin (%) 0.81 2.14 1.53 1.32 1.24 1.69 m) Capital Redemption Reserve (Rs. in Crore ) 14.28 14.28 14.28 14.28 14.28 14.28 n) Net Worth (Rs. In Crore) 5,070.70 5,031.68 4,874.91 5,070.70 4,874.91 5,035.56 o) Net Profit After Tax (Rs. In Crore) 38.98 105.72 72.89 181.54 163.19 323.88 p) Basic Earnings per share (Rs.) 1.46 3.97 2.74 6.82 6.27 12.37 (Not annualised except for the year ended March) ^ Ratios for the quarter have been annualised. Formula used for calculation of ratios in Note 3 is as under: i) Debt Equity Ratio = Total Debt (Short-Term Debt+Long-Term Debt + Interest Accrued but not due + Lease Liability) / Total Equity. ii) Debt Service Coverage Ratio = [(Profit After Tax + Exceptional item + Depreciation and amortisations + Interest + Loss on sale of Fixed assets) / (Finance Cost + Repayment long term borrowings & Lease liability)]. iii) Interest Service Coverage Ratio = (Profit After Tax + Exceptional item + Depreciation and amortisations + Interest + Loss on sale of Fixed assets) / Finance Cost. iv) Current Ratio = Current asset/Current liability. v) Long term debt to working capital Ratio = {(Long term loans including current maturities + Long term lease liabilities) / (Current Assets – Current Liabilities)}. vi) Bad debts to Account receivable Ratio = Total Bad Debts/Average Accounts Receivables vii) Current liability Ratio = Current Liabilities / Total Liabilities. viii) Total debts to Total assets Ratio = (Short-Term Debt+Long-Term Debt + Interest Accrued but not due + Lease Liability)/Total Assets. ix) Debtors Turnover Ratio = (Average Account Receivable/Total Revenue from operations) x No. of Days. x) Inventory Turnover Ratio = [Average Inventory/(Cost of material consumed + Changes in inventories of finished goods, work-in-progress + Erection and construction material consumed+Stores consumed)] x No. of Days. xi) Operating Margin = (Profit before Depreciation and Amortisation, finance costs, Tax less Other Income)/Total Revenue from operations. xii) Net Profit Margin = Profit for the period /Total Revenue from operations. xiii) Net Worth = Share capital + Other equity (excluding Other Comprehensive Income). 4. In the month of March 2025, one Public Sector Undertaking (“PSU”) official and an employee of the Company were taken into custody by a government agency in relation to a Transmission Project. Subsequently, the PSU official and employee of the Company were released on regular bail. The Chargesheet has been filed and the Court has taken cognizance of the same. The Company upholds the highest standards of corporate governance, ethics, and compliance in all its operations and conducts its business with integrity, transparency, and adherence to applicable laws and regulations. The matter is presently sub-judice. The Company is of the view that the case will not have any material impact on the operations and financial results of the Company. 5. The Government of India notified the four Labour Codes ('New Labour Codes') effective November 21, 2025. The Company has ascertained its estimated employee benefit obligations under the New Labour Codes. Accordingly, the Company has recognized incremental estimated employee benefit obligations aggregating Rs. 52.29 crore as an “exceptional item” on account of employees past services, based on actuarial valuation and best estimate in accordance with Ind AS 19 - 'Employee Benefits' and consistent with guidance provided by the Institute of Chartered Accountants of India. The Company is in the process of reassessing and implementing policy changes to its existing employee benefit policies. The Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments, as needed. 6. Since the segment information as per Ind AS 108 - Operating Segments is provided on the basis of consolidated financial results, the same is not provided separately for the standalone financial results. 7. The Company has opted to publish the Extract of the Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The Consolidated and Standalone Financial Results for the quarter and nine months ended December 31, 2025 of the Company prepared in accordance with Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be available on the website of the Company, BSE Limited and National Stock Exchange of India Limited. For KEC INTERNATIONAL LIMITED Sd/- VIMAL KEJRIWAL Place : Mumbai MANAGING DIRECTOR & CEO Date: January 30, 2026 DIN - 00026981 Visit us at www.kecrpg.com |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be re-classified to Profit or Loss | 317.00 | 150.00 |
| Total Amount of items that will not be reclassified to profit and loss | 317.00 | 150.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 80.00 | 49.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be re-classified to profit or loss | 782.00 | 7,978.00 |
| Total Amount of items that will be reclassified to profit and loss | 782.00 | 7,978.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (508.00) | 1,288.00 |
| 5 | Total Other comprehensive income | 1,527.00 | 6,791.00 |