KECNSEQ2 FY26November 10, 2025

KEC International Limited

3,368words
12turns
0analyst exchanges
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Key numbers — 40 extracted
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n contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives o
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structure segments like T&D, Civil, Transportation, Oil & Gas, Renewables & Cables & Conductors 4 KEC International : A Legacy of 8 Decades, A Promise of Happiness Revenue FY25 21,847 Cr 84 HAPP
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Cr+ Transmission & Distribution Civil Transportation Renewables Oil & Gas Cables & Conductors 5 Diverse Portfolio of Offerings Transmission Lines Factories Logistics Metros – Civil Metros - T
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STATCOM Cables Warehouses Defence Depot & Workshops Smart City Oil & Gas Pipelines Conductors 6 Purpose Statement and Culture Pillars “WE TRANSFORM LIVES BY BUILDING SUSTAINABLE WORLD CLASS INF
19%
Financial Highlights Q2 & H1 FY26 – Growth Across Parameters Q2 FY26 vs Q2 FY25 Revenues EBITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161
34%
s Q2 & H1 FY26 – Growth Across Parameters Q2 FY26 vs Q2 FY25 Revenues EBITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 F
7.1%
26 – Growth Across Parameters Q2 FY26 vs Q2 FY25 Revenues EBITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues
88%
Parameters Q2 FY26 vs Q2 FY25 Revenues EBITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues EBITDA 15% YoY
3.5%
FY25 Revenues EBITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues EBITDA 15% YoY 11,114 Cr 27% YoY % 7.0
2.6%
BITDA 19% YoY 6,092 Cr 34% YoY % 7.1% 430 Cr PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues EBITDA 15% YoY 11,114 Cr 27% YoY % 7.0% 781 Cr PBT 6
15%
PBT 88% YoY PAT 88% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues EBITDA 15% YoY 11,114 Cr 27% YoY % 7.0% 781 Cr PBT 65% YoY PAT 65% YoY % 3.3% 371 Cr % 2.6% 285
27%
8% YoY % 3.5% 213 Cr % 2.6% 161 Cr H1 FY26 vs H1 FY25 Revenues EBITDA 15% YoY 11,114 Cr 27% YoY % 7.0% 781 Cr PBT 65% YoY PAT 65% YoY % 3.3% 371 Cr % 2.6% 285 Cr 11 Strong Grow
Guidance — 9 items
Subdued performance in Transportation
opening
on Renewables - Substantial opportunities across Solar, Wind, BESS International opportunities in Civil, Transportation and Oil & Gas 21 4 Environmental, Social and Governance (ESG) 500 MW Solar Project at Pavagada, Karnataka ESG & Sustainability Goals and Status Happiness Quotient Diversity & Inclusion Target: Increase Happiness Quotient to 85% by FY26 Target: Increase in diversity by 25% by FY26
Status
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Happiness Quotient for FY25 has increased to 84% vis-à-vis 80% for FY21
Status
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Diversity has increased by 57% in FY25 vis-à-vis FY21 Occupational Heath & Safety Target: Work towards the goal of achieving Zero accidents
Status
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LTIFR has reduced to 0.1 in FY25 vis-à-vis 0.68 in FY21, a reduction of 84% Corporate Social Responsibility Target: Reach 2 lac CSR beneficiaries by FY 26
Status
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Cumulative CSR beneficiaries till FY25 from FY21 are more than 15 lac Circularity Target: Zero waste to landfill by FY 26 for manufacturing plants
Status
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Waste to landfill has reduced by 24% in FY25 vis-à-vis FY21 Water Positive Approach Energy Consumption Carbon Emission Sustainable Procurement Target: Reduce water consumption intensity in manufacturing plants by 20% by FY26 Target: Reduce energy consumption intensity of manufacturing plants by 15% by FY26
Status
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Water consumption intensity has reduced by 27% in FY25 vis-à-vis FY21
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Energy consumption intensity has reduced by 33% in FY25 vis-à-vis FY21 Target: Reduce Greenhouse Gas (GHG) emissions intensity of manufacturing plants by 20% by FY26
Status
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GHG emission intensity has reduced by 27% in FY25 vis-à-vis FY21 Target: 100% of key suppliers to be assessed under ESG criteria by FY23
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Speaking time
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Inter SBU
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Subdued performance in Transportation
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Opening remarks
Inter SBU
Total Net Sales T&D Share Non T&D Share 4,080 3,651 429 2,159 968 425 52 190 524 -147 6,092 67% 33% 2,831 2,514 317 2,369 1,152 503 92 181 441 -87 5,113 55% 45% 44% 45% 35% -9% -16% -15% -44% 5% 19% 19% 7,236 6,448 788 4,149 1,908 896 112 326 907 -271 11,114 65% 35% 5,330 4,667 663 4,461 2,211 974 218 254 805 -166 9,625 55% 45% 36% 38% 19% -7% -14% -8% -48% 28% 13% 15% 18 Borrowings & Working Capital - Consolidated Particulars 30-Sep-25 30-Sep-24 I) Net Debt II) Interest Bearing Acceptances Total (I + II) 4,615 1,865 6,480 3,566 1,699 5,265 Increase/ (Decrease) 1,049 166 1,216 30-Jun-25 3,660 1,689 5,348 Increase/ (Decrease) 955 177 1,132 ❑ Net debt including acceptances stand at Rs. 6,480 Cr, vis-à-vis Rs. 5,265 Cr as on 30 Sep’24 (₹ crore) Increase/ (Decrease) 1,564 358 1,922 31-Mar-25 3,051 1,507 4,558 ▪ ▪ Interest expenses as a percentage of Revenue have reduced by 50 bps in both Q2 and H1, resulting in an Interest cost of 2.8% for Q2 & 2.9% for H1 The increase in debt level is on
Subdued performance in Transportation
o Uptick in tendering activities in Americas – Brazil, Mexico & US o Margin and cash flow getting impacted by delayed ▪ Strong momentum in India T&D driven by opportunities in Digital substations, STATCOM and HVDC – Increasing participation by private players and state utilities under TBCB completion of projects o Order book continues to be muted due to heightened competition from Road players ▪ Real estate boom continues; uptick in private capex of Metals & ▪ Geopolitical unrests Mining ▪ ▪ ▪ Execution of water projects expected to pick up as payments getting released in states where we are operating Sustained thrust of Govt. on Renewables - Substantial opportunities across Solar, Wind, BESS International opportunities in Civil, Transportation and Oil & Gas 21 4 Environmental, Social and Governance (ESG) 500 MW Solar Project at Pavagada, Karnataka ESG & Sustainability Goals and Status Happiness Quotient Diversity & Inclusion Target: Increase Happiness Quotient to 85% by FY26 Target: I
Status
Diversity has increased by 57% in FY25 vis-à-vis FY21 Occupational Heath & Safety Target: Work towards the goal of achieving Zero accidents
Status
LTIFR has reduced to 0.1 in FY25 vis-à-vis 0.68 in FY21, a reduction of 84% Corporate Social Responsibility Target: Reach 2 lac CSR beneficiaries by FY 26
Status
Cumulative CSR beneficiaries till FY25 from FY21 are more than 15 lac Circularity Target: Zero waste to landfill by FY 26 for manufacturing plants
Status
Waste to landfill has reduced by 24% in FY25 vis-à-vis FY21 Water Positive Approach Energy Consumption Carbon Emission Sustainable Procurement Target: Reduce water consumption intensity in manufacturing plants by 20% by FY26 Target: Reduce energy consumption intensity of manufacturing plants by 15% by FY26
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