KEC International Ltd Q1 consolidated PAT slides to Rs. 70.80 crore

KEC INTERNATIONAL LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.2213.67 crores during the period ended June 30, 2020 as compared to Rs.3673.73 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.70.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.192.88 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.75 for the period ended June 30, 2020 as compared to Rs.7.50 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 2213.67 crs	₹ 3673.73 crs	-39.74%
Net Profit	₹ 70.80 crs	₹ 192.88 crs	-63.29%
EPS	₹ 2.75	₹ 7.50	-63.33%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.2213.67 crores during the period ended June 30, 2020 as compared to Rs.2415.18 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.70.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.88.61 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.75 for the period ended June 30, 2020 as compared to Rs.3.45 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 2213.67 crs	₹ 2415.18 crs	-8.34%
Net Profit	₹ 70.80 crs	₹ 88.61 crs	-20.1%
EPS	₹ 2.75	₹ 3.45	-20.29%

Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, "We are pleased to have delivered a steady performance amidst global upheavals. Our performance for the quarter reflects our concerted efforts toward accelerated ramp up in execution, optimization of costs and focus on cash flows. We have started deploying various mechanization and digitalization initiatives across projects to improve productivity and quality of execution with reduced manpower strength. With operations nearing pre-COVID levels and an order book plus L1 pipeline of over Rs. 24,500 crore, we are confident of delivering a good performance in FY21."

Shares of KEC INTERNATIONAL LTD. was last trading in BSE at Rs.273.05 as compared to the previous close of Rs. 275.7. The total number of shares traded during the day was 15482 in over 954 trades.

The stock hit an intraday high of Rs. 281.8 and intraday low of 273. The net turnover during the day was Rs. 4283010.

Source : Equity Bulls

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