KEC · Construction
Kec International Ltd. reported revenue of ₹5,007 cr for October to December 2023, — on the year and +11.3% on the quarter.
Operating profit (EBITDA) was ₹308 cr, a margin of 6.2%, — on the year and +6 bps on the quarter.
Net profit was ₹97.0 cr, — on the year and +73.2% on the quarter, with earnings per share of ₹3.77.
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.
No check fired. That is a statement about the checks below, not a verdict on the company.
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).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5,007 cr | ₹6,165 cr | ₹4,512 cr | ₹5,113 cr | ₹5,349 cr | ₹6,872 cr | ₹5,023 cr | ₹6,092 cr | ₹6,001 cr | ₹6,390 cr | ₹5,024 cr | ₹5,468 cr |
| YoY | — | — | +6% | +14% | +7% | +11% | +11% | +19% | +12% | −7% | +0% | −10% |
| EBITDA margin | 6.2% | 6.3% | 6.0% | 6.3% | 7.0% | 7.8% | 7.0% | 7.1% | 7.2% | 7.0% | 5.8% | 5.0% |
| Other income, % of PBT | 21% | 4% | 38% | 6% | 1% | 6% | 3% | 2% | −31% | 12% | 16% | 32% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 20% | 21% | 22% | 25% | 19% | 22% | 21% | 25% | 20% | 25% | 19% | 27% |
| Net profit | ₹97.0 cr | ₹152 cr | ₹88.0 cr | ₹85.0 cr | ₹130 cr | ₹268 cr | ₹125 cr | ₹161 cr | ₹127 cr | ₹193 cr | ₹72.6 cr | ₹29.7 cr |
| YoY | — | — | +110% | +52% | +34% | +76% | +42% | +89% | −2% | −28% | −42% | −81% |
| Core profit YoY | — | — | +57% | +112% | +67% | +74% | +123% | +97% | +31% | −29% | −51% | −87% |
| EPS | ₹3.77 | ₹5.90 | ₹3.41 | ₹3.21 | ₹4.87 | ₹10.08 | ₹4.68 | ₹6.04 | ₹4.79 | ₹7.24 | ₹2.73 | ₹1.12 |
| Flags | · | · | 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 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 ₹5,007 cr (— on the year) and net profit of ₹97.0 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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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.