KEC International Share Price Jumps After Q4 Revenue, Profit Rise
KEC International's net profit also saw a boost, as it grew 76.8% to Rs 268.2 crore from Rs 151.7 crore.
KEC International's share price jumped more than 7% on Tuesday following the announcement of its fourth quarter results. The company reported a consolidated revenue increase of 11.5% year-on-year, reaching Rs 6,872 crore compared to Rs 6,165 crore.
Ebitda saw a rise of 38.9%, amounting to Rs 538.8 crore versus Rs 388 crore, with the Ebitda margin improving to 7.8% from 6.3%.
Net profit also saw a boost, as it grew 76.8% to Rs 268.2 crore from Rs 151.7 crore.
KEC International is an infrastructure engineering, procurement, and construction company based in India. It operates across various sectors, including power transmission and distribution, railways, civil, and cables. The company has a strong global presence, executing projects in over 100 countries.
KEC International Share Price Today
The scrip rose as much as 7.57% to Rs 926.65 apiece. It pared gains to trade 6.56% higher at Rs 918 apiece, as of 10:13 a.m. This compares to a 0.91% decline in the NSE Nifty 50.
It has risen 18.87% in the last 12 months. Total traded volume so far in the day stood at 16 times its 30-day average. The relative strength index was at 74.
Out of 26 analysts tracking the company, 19 maintain a 'buy' rating, five recommend a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an downside of 0.6%.
