Q4FY23 Quarterly & FY23 Annual Result Announced for KEC International Ltd.
Heavy Electrical Equipment company KEC International announced Q4FY23 & FY23 results: Consolidated Q4FY23 vs Q4FY22: Revenue: Rs 5,525 crore against Rs 4,275 crore EBITDA: Rs 283 crore against Rs 252 crore EBITDA Margin (YoY): 5.1% against 5.9% EBITDA Margin (QoQ): 5.1% against 4.6% Interest as % to Revenue: 2.9% against 2.2% PBT: Rs 86 crore against Rs 118 crore PBT Margin: 1.6% against 2.8% PAT: Rs 72 crore against Rs 112 crore PAT Margin: 1.3% against 2.6% Consolidated FY23 vs FY22 (Excluding exceptional item): Revenue: Rs 17,282 crore against Rs 13,742 crore EBITDA: Rs 830 crore against Rs 904 crore EBITDA Margin: 4.8% against 6.6% Interest as % to Revenue: 3.1% against 2.3% PBT: Rs 161 crore against Rs 443 crore PBT Margin: 0.9% against 3.2% PAT: Rs 176 crore against Rs 363 crore PAT Margin: 1.0% against 2.6% FY23 Order intake of Rs 22,378 crore, a stellar growth of ~30% YoY Order Book as of 31 March 2023 of Rs 30,553 crore, a robust growth of ~29% YoY; Additionally, L1 of over Rs 3,500 crore. Net Debt including Acceptances stands at Rs 4,985 crore as of 31st Mar’23 against Rs 4,765 crore as of 31st Mar’22 despite a Revenue increase of ~Rs 3,500 crore, a growth of 26% YoY Net Working Capital (NWC) stands at 118 days as on 31st Mar’23 – a reduction of 19 days vis-à-vis 31 Mar’22 and a reduction of 21 days vis-à-vis 31st Dec’22 Recommended a Dividend of Rs 3/- per equity share i.e. 150% of the face value of Rs 2/- each for FY23 Vimal Kejriwal, MD & CEO, KEC International commented, “We have delivered a notable performance for the year by achieving the highest ever Revenues & Order Intake and considerable improvement in Working Capital. The EBITDA margins of the last two quarters have improved sequentially from 4.4% to 5.1%. We are also pleased that SAE Brazil has delivered a positive EBITDA for Q4 FY23 and is on track to deliver a gradual improvement in profitability in the coming quarters. The uptick in order intake has enhanced our order book & L1 stand to over Rs 34,000 crore. Our focus on cash flows and working capital have brought down our Net debt including acceptances by ~Rs 1,100 crore in the last three quarters. With a robust order book & L1 and strong focus on execution, we are confident of delivering an improved performance for both Revenues and Margins.” Result PDF04-05-2023