KEC International Ltd (KEC) has recorded the net sales of Rs. 1,746 Crores during the Q1 of June 2013 as against Rs. 1,364 Crores during the same period last year.
KEC International Ltd, a global infrastructure EPC major, an RPG Group company, today announced its unaudited consolidated results for the quarter ended June 30, 2013.
Net Sales for the quarter stands at Rs1,746 crore as against Rs1,364 crore in the corresponding quarter of previous year with an increase of 28% Y-o-Y.
Consolidated Financials of the company:
- EBITDA for the quarter stands at Rs88 crore as against Rs103 crore in the corresponding quarter of previous year.
- Profit After Tax (excluding exceptional item, net of taxes) is Rs3 crore as against Rs 33 crore in the corresponding quarter of previous year.
- The exceptional item is related to implementation of Voluntary Retirement Scheme (VRS) at Thane cable manufacturing facility. The total cost of VRS is Rs 18 crore (net of taxes Rs 12 crore).
The Company has secured new orders in Transmission and Telecom businesses of ` 804 crore. Details are as follows:
Order Intake and Order Book
According to the company, it has secured new orders worth Rs. 804 Crores in the fields of Power Transmission as well as Telecom sectors:
- Company has entered Tanzania by securing an order for design, supply and erection of 400 kV double circuit transmission line under the Tanzania Backbone Transmission Investment Project. The order valued at Rs. 772 Crores is secured from Tanzania Electric Supply Company Limited.
- In the Telecom business, the order is for establishing Optical Power Ground Wire (OPGW) communication network in the Western region of India. The order is secured from Power Grid Corporation of India (PGCIL). The order value is Rs 34 crore.
Including these orders, total order intake during current financial year is Rs2,185 crore. The order book continues to remain robust and it stands at Rs10,056 crore.
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