KEC International Q4 Review - Margin Pressure Likely To Continue In Near Term: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.KEC International Ltd. reported weak Q4 FY22 performance, with consolidated revenue declining 2% YoY and Ebitda margin contracting by 224 basis points YoY to 5.9%. Margins are expected to remain under pressure for couple of quarters on account of slippage of losses in SAE legacy orders to H1 FY23, coupled with continued higher commodity and freight cost. However, margin will gradually improve from H2 FY23 with SAE legacy order getting completed, increasing share of new contracts in order book mix (factoring in recent commodity prices) and execution picking up in domestic transmission and distribution. Tender pipeline remains strong at Rs 1,250 billion from international and domestic T&D, railways, civil and additionally international geographies like Middle East, South Asian Association for Regional Cooperation and America. Given healthy order book, KEC International has guided revenue growth of ~15% and order inflow of ~Rs 200 billion on back of strong tender pipeline for FY23..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KEC International Q4 Review - Margin Pressure Likely To Continue In Near Term: Prabhudas Lilladher

KEC International Q4 Review - Margin Pressure Likely To Continue In Near Term: Prabhudas Lilladher

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