KEC INTERNATIONAL

KEC INTERNATIONAL Has the power
A part of the RPG group, KEC International, a leader in power transmission, engineering, procurement and construction (EPC) business, the stock was in the limelight yesterday on the back of having received huge orders.
The company won an order worth Rs 255 crore for rural electrification from West Bengal State Electricity Distribution Company and another worth Rs 67 crore from Power Grid Corp. It also won a third order worth Rs 43 crore for a turnkey transmission project from Transmission Corporation of Andhra Pradesh.
For the third quarter ended December 31, 2008 it posted a revenue of Rs.886.31 crore as against Rs 708.91 crore during the corresponding period last year, a growth of 25%. During the quarter, the operating margin of the company declined to 8.21% compared with the previous year period. Interest cost increased 67.06% to Rs.29.72 crore while depreciation cost rose 4.82%. Net profit for the third quarter was at Rs.24.97 crore, down 52% on a YoY.
KEC is expected to end FY09 on a robust note. Best to stay invested. thanks