Infrastructure company KEC International Ltd on Friday (November 29) announced new order wins totalling ₹1,040 crore in its Transmission and Distribution (T&D) business across international markets.

The orders include the supply of towers, hardware, and poles to customers in the Americas and the construction of 220 kV transmission lines in the Commonwealth of Independent States (CIS) region.

Vimal Kejriwal, MD and CEO of KEC International, said, “We are delighted with the continuous order wins in our T&D business. The order in CIS has reinforced our presence in this region and further strengthened our International T&D order book.

Also Read: KEC International hits all-time high on securing orders worth ₹1,704 crore

Our subsidiary, SAE Towers, has secured multiple orders across the USA, Mexico and Brazil, demonstrating an uptick in the American T&D market. With these orders, our YTD order intake now stands at over ₹17,300 crore, reflecting a remarkable growth of 75% vis-à-vis last year.”

KEC International reported a 53% year-on-year (YoY) jump in net profit at ₹85.4 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, KEC International posted a net profit of ₹55.8 crore, the company said in a regulatory filing.

The company’s revenue from operations increased 13.7% to ₹5,113.3 crore as against ₹4,499 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rises 16.7% to ₹320.2 crore in the second quarter of this fiscal over ₹274.4 crore in the corresponding period in the previous fiscal.

Also Read: KEC International secures ₹1,704 crore turnkey orders from Power Grid Corporation

EBITDA margin stood at 6.3% in the reporting quarter as compared to 6.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The company also reduced its net debt, including acceptances, by ₹1,074 crore to ₹₹5,265 crore as of September 30, 2024, despite a 12% revenue increase of about ₹2,000 crore over the past 12 months. Net working capital improved slightly, decreasing to 130 days, down three days from the previous year.

For Q2 FY25, KEC’s interest expense as a percentage of revenue fell to 3.3% from 4.0%, while profit before tax rose to ₹113 crore from ₹66 crore, improving the Profit Before Tax margin to 2.2% from 1.5% year-over-year.

Also Read: Never seen such strong ordering activity in the sector: KEC International CEO

Shares of KEC International Ltd ended at ₹1,050.75, down by ₹1.70, or 0.16% on the BSE.