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KEC International Oct-Dec net up 25%, sees better Q4

KEC International sees quarter ending March would be better than all the quarters in the financial year 2010/11, its chief executive officer and managing director said on Monday.

February 01, 2011 / 03:39 PM IST

KEC International sees quarter ending March would be better than all the quarters in the financial year 2010-11, its chief executive officer and managing director said on Monday.


"Q4 is going to be better. It's always the best quarter for us," as there are good conversion of orders in the quarter, Ramesh Chandak told Reuters over the telephone.


The firm sees its consolidated revenue crossing USD 1 billion this financial year, while FY12 would be better on healthy order inflows and added business verticals, he had told Reuters in an recent interview.


The firm that executes domestic as well as international power transmission and distribution projects, railway infrastructure projects, makes electrical cables and has been expanding into water projects, has an order book of Rs 8,000 crore, Chandak had said then.


It is the highest ever order book for the firm, comprising 53% international orders and 47% orders from the domestic market, it said in a statement on Monday.


Earlier on Monday, the RPG group firm reported a 25% growth in its Oct-Dec net profit at Rs 58 crore, while its operational income for the quarter was at Rs 1,092 crore.


Its EBIDTA (earnings before interest depreciation and ammmortization) margin for the quarter was 11.6% compared to 10.3% for the year ago quarter, it said in a statement.


"Q3 was in-line with our expectations, margins are better despite the soaring raw material prices," he said.


A recently-acquired unit, SAE Towers, has also reported Oct-Dec revenue of Rs 149 crore with EBIDTA margin of 19.8% and an order book of Rs 280 crore, it said in a statement.


The cables division of KEC International, carved out of merged group entity RPG Cables, has achieved a record turnover of Rs 120 crore in the current quarter, Chandak added.

Cheering the Q3 results, the company's shares closed 5.65% higher at 88.85 rupees in a Mumbai market that closed down 0.37%.

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