The KEC International share price rose 4% to an intra-day high of Rs 893 on the National Stock Exchange. The uptick in the stock price came after the company bagged new orders worth Rs 1,174 crore.
The global infrastructure EPC major secured orders for Transmission & Distribution projects in India and the Middle East:
The company will develop 800 kV HVDC and 765 kV Transmission lines from a reputed private developer in India, as per an exchange filing. Plus, it will make 380 kV Transmission lines in Saudi Arabia.
“The prestigious HVDC transmission line order has significantly increased the share of orders from private developers in our India T&D order intake for the year. The large order in Saudi Arabia has further solidified our leadership in the Middle East T&D market. With the above orders, our YTD order intake stands at Rs 14,000 crore. These orders will play a pivotal role in driving our targeted growth going forward,” said Vimal Kejriwal, MD & CEO of KEC International.
KEC International Q1 FY26 results
The RPG Group company posted a net profit of Rs 124.60 crore in the first quarter of the current financial year, an increase of 42.26% year-over-year from Rs 87.58 crores reported in the same quarter of the previous year.
The company’s revenue came in at Rs 5,022.88 crore in Q1 FY26, rising 11% YoY from Rs 4,511.89 crore in the same period of the last fiscal year. The EBITDA grew by 19% YoY, with margins improving by 50 basis points to 7%.
KEC International stock performance
The share price of KEC International has fallen 1.9% in the one month. The stock has given a return of almost 22% in the past six months. However, KEC International’s stock price has dropped 28% year to date and 14% in the last one year.