KEC · Construction
Kec International Ltd. reported revenue of ₹3,898 cr for April to June 2026, — on the year and — on the quarter.
Operating profit (EBITDA) was ₹156 cr, a margin of 4.0%, — on the year and — on the quarter.
Net profit was ₹0.5 cr, — on the year and — on the quarter, with earnings per share of ₹0.02.
Real estate revenue is booked when projects complete, so the quarterly statements lag the business; pre-sales and collections show where it actually is. The quarterly statements do not carry pre-sales, collections and launches; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Other income was 1,246% of profit before tax.
Source: Results filing
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Metric | Q1 FY27 | Q2 FY26 |
|---|---|---|
| EPC Segment Revenue (₹ crore) | 4,595 | 5,711 |
| Others (Cables) Segment Revenue (₹ crore) | 600.67 | 524.17 |
| EPC Segment Result (₹ crore) | 262.85 | 398.26 |
| Others (Cables) Segment Result (₹ crore) | 27.96 | 32.15 |
| Debt Equity Ratio (ratio) | 0.88 | 0.94 |
| Operating Margin Excl Exceptional Items | 5.79% | 7.07% |
| Net Profit Margin | 1.45% | 2.64% |
Read using the Real estate, REITs and InvITs framework (named in the filing read). Primary valuation lens: NAV for developers; distribution yield and NAV for REITs.
Read more closely in this sector: Pre-sales against collections · Land bought on debt · Joint development share.
| Q2 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|
| Revenue | ₹4,949 cr | ₹3,898 cr | ₹4,160 cr |
| YoY | — | — | −16% |
| EBITDA margin | 6.2% | 4.0% | 4.1% |
| Other income, % of PBT | 7% | 1,246% | 131% |
| Exceptional items | — | — | — |
| Tax rate | 22% | 61% | −6% |
| Net profit | ₹106 cr | ₹0.5 cr | ₹80.4 cr |
| YoY | — | — | −24% |
| Core profit YoY | — | — | −118% |
| EPS | ₹3.97 | ₹0.02 | ₹3.02 |
| Flags | · | 1 | 3 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Kec International Ltd. reported revenue of ₹3,898 cr (— on the year) and net profit of ₹0.5 cr (— on the year) for April to June 2026.
1 check raised a question: Half or more of pre-tax profit came from other income. What is it, and does it repeat?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.