KEC International Ltd. announces press release

KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended September 30, 2013.

Consolidated Performance

Net Sales for the quarter stands at Rs. 1,778 crore as against Rs. 1,668 crore in the corresponding quarter of previous year, an increase of 6.6% Y-o-Y.

EBITDA for the quarter stands at Rs. 112 crore as against Rs. 86 crore in the corresponding quarter of previous year, an increase of 30.4% Y-o-Y. EBITDA margin improves by 115 basis points to 6.3% of net sales.

Net Profit is Rs. 22 crore as against Rs. 16 crore in the corresponding quarter of previous year, an increase of 34.0% Y-o-Y.

Order Intake and Order Book

The Company's order book stands at Rs. 10,200 crore, of this 54% is from outside India. It has secured new orders in Transmission, Power Systems and Cables businesses of Rs. 755 crore.

Power System business: Secured two orders in Al-Hassa, Saudi Arabia for design, supply and construction of 115/13.8 kV substation on turnkey basis. These orders are secured from the Saudi Electricity Company. The total value of orders is Rs. 191 crore (KEC Share).

Cable business: Secured orders for the supply of Power and Telecom Cables. The total value of orders is Rs. 50 crore.

Mr. Ramesh Chandak, MD & CEO of the Company commented "we are happy to declare continuous order inflows from various businesses and geographies. Our order intake for the first half of FY14 at Rs. 3,943 crore is higher by 13% as compared to the corresponding period of the previous year. On the profitability front, our operating margin for the quarter is better than the previous four quarters."

About KEC International Ltd.

KEC International is global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The Company has powered infrastructure development in 50 countries across Africa, Americas, Central Asia, Middle East, South Asia and South East Asia. It is the flagship Company of the RPG Group.

About RPG Enterprise.

RPG Enterprises, established in 1979, is one of India's fastest growing business groups with turnover over Rs. 17,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Tyre, Infrastructure, IT and Specialty.

Source: KEC International Ltd.

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