KEC posts over 2-fold jump in profit at Rs 30 crore

KEC International, a global infrastructure EPC major, on monday reported over two-fold jump in consolidated net profit at Rs 30.39 crore for the quarter ended June 30. The RPG Group company's consolidated net profit in the April-June quarter of the last fiscal was Rs 11.37 crore, it said in a regulatory filing. Its total income from operations increased to Rs 1,877.96 crore in the first quarter of the current fiscal, from over Rs 1,720.74 crore in the same quarter of the 2014-15, it said. KEC's MD and CEO Vimal Kejriwal said in a statement that "building on its strong performance in Q4 (fourth quarter of last fiscal), the company has further delivered another good quarter. It has performed well on all three parameters of revenue, profitability and order intake". He added: "We are confident of maintaining the growth momentum, in the year ahead, aided by our robust execution capabilities and good order book as well as a strong L1 pipeline.