KEC International Limited
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Key numbers — 40 extracted
10%
Rs. 28,500 crore
Rs. 3,587 crore
Rs. 3,258 crore
Rs. 6,127 crore
Rs. 5,464 crore
Rs. 253 crore
Rs. 293 crore
Rs. 413 crore
Rs. 488 crore
7.1%
9.0%
Guidance — 1 items
Consolidated Financial Performance
opening
“The Company cannot guarantee that these assumptions and expectations are accurate or exhaustive or will be realised.”
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Speaking time
2
1
1
Opening remarks
Consolidated Financial Performance
Q2 FY22 v/s Q2 FY21 (Excluding Exceptional Item*) H1 FY22 v/s H1 FY21 (Excluding Exceptional Item*) Revenue: Rs. 3,587 crore against Rs. 3,258 crore Revenue: Rs. 6,127 crore against Rs. 5,464 crore EBITDA: Rs. 253 crore against Rs. 293 crore EBITDA: Rs. 413 crore against Rs. 488 crore EBITDA Margin: 7.1% against 9.0% EBITDA Margin: 6.7% against 8.9% Interest as % to Revenue: 2.0% against 2.1% Interest as % to Revenue: 2.3% against 2.4% PBT: Rs. 144 crore against Rs. 195 crore PBT: Rs. 203 crore against Rs. 291 crore PBT Margin: 4.0% against 6.0% PBT Margin: 3.3% against 5.3% PAT: Rs. 113 crore against Rs. 143 crore PAT: Rs. 159 crore against Rs. 213 crore PAT Margin: 3.1% against 4.4% PAT Margin: 2.6% against 3.9% *During the quarter, there is an exceptional write-off of Rs 44 Cr against a legacy arbitration case in South Africa. Considering this impact, the PBT and PAT are as below: Q2 FY22 v/s Q2 FY21 (Including Exceptional Item*) H1 FY22 v/s H1 FY21 (Including Exceptional Item*) PBT
PBT and PAT margins are as below
▪ PBT Margin at 2.8% against 6.0% ▪ PBT Margin at 5.4% against 6.7% ▪ PAT Margin at 2.2% against 4.4% ▪ PAT Margin at 3.9% against 4.9% 10 Key Performance Highlights – H1 FY22 (2/3) Consolidated Highlights for H1 FY22 v/s H1 FY21 Standalone Highlights for H1 FY22 v/s H1 FY21 ▪ Revenue of Rs. 6,127 Cr - Growth of 12% ▪ Revenue of Rs. 5,695 Cr - Growth of 20% ▪ EBITDA Margin at 6.7% against 8.9% ▪ EBITDA Margin at 9.5% against 10.3% ▪ Interest cost as % to sales improves to 2.3% from 2.4% ▪ Interest cost as % to sales improves to 2.1% from 2.6% ▪ PBT Margin at 3.3% against 5.3% (Excludes exceptional item*) ▪ PBT Margin at 6.4% against 6.7% (Excludes exceptional item*) ▪ PAT Margin at 2.6% against 3.9% (Excludes exceptional item*) ▪ PAT Margin at 4.7% against 4.9% (Excludes exceptional item*) *During the quarter, there is an exceptional write-off of Rs 44 Cr against a legacy arbitration case in South Africa. Considering this impact, the
PBT and PAT margins are as below
▪ PBT Margin at 2.6% against 5.3% ▪ PBT Margin at 5.6% against 6.7% ▪ PAT Margin at 2.1% against 3.9% ▪ PAT Margin at 4.1% against 4.9% 11 Key Performance Highlights – Q2 & H1 FY22 (3/3) ❑ Achieved YTD Order intake of Rs 7,386 Cr with a robust growth of ~70% over last year ▪ Order Intake momentum continues in International T&D with significant orders in Middle East and Americas ▪ ▪ Expanded international footprint with our first T&D EPC order in Europe Railways widened presence in technologically enabled areas of Metros ▪ Diversification story in Civil continues o Breakthrough order in Airports to mark entry in public spaces segment o Reinforced its presence in the water segment and in the industrial segment with orders in Metals & Mining, Data Centre and FMCG segments ❑ Highest Ever Order book + L1 Pipeline of over Rs. 28,500 Cr 12 Contents Overview – RPG Group and KEC International Key Performance Highlights Q2 & H1 FY22 Financial Performance Q2 & H1 FY22 Acquisition of Spur Infrastr
Inter SBU
Total Net Sales T&D Share Non-T&D Share Q2 FY21 1,977 1,621 356 FY22 1,943 1,735 208 1,811 1,349 986 449 356 20 (166) 3,587 54% 46% 821 212 249 67 (68) 3,258 60% 40% Growth (Y-o-Y) -2% 7% -42% 34% 20% 111% 43% -70% 146% 10% H1 FY21 3,431 2,796 635 2,152 1,342 315 408 85 (118) 5,464 63% 37% FY22 3,340 2,930 411 3,067 1,580 749 690 48 (280) 6,127 55% 45% Growth (Y-o-Y) -3% 5% -35% 43% 18% 138% 69% -44% 137% 12% # Others include Solar and Smart Infra 16 Borrowings & Working Capital (Consolidated) Particulars 30-Sep-21 30-Sep-20 I) Net Debt II) Interest Bearing Acceptances Total (I + II) 2,801 1,549 4,351 2,425 1,059 3,484 Increase/ (Decrease) 377 491 867 30-Jun-21 2,533 1,405 3,938 Increase/ (Decrease) 269 145 413 (₹ crore) ❑ Closing borrowing is slightly elevated owing to some delays in collection in Railways, however average borrowing level continues to be largely in line with the target of ~Rs 2,500 Cr ❑ Net Working Capital (NWC) stands at 138 days as on 30th September’21. Some of our
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