KEC International Limited — Quarter and year ended March 31, 2026
| Particulars | Quarter ended March 31, 2026 (Refer note 9) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Refer note 9) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| 1. Revenue from operations | 6,389.75 | 6,001.35 | 6,872.12 | 23,505.54 | 21,846.70 |
| 2. Other income | 30.09 | 10.23 | 20.20 | 50.33 | 70.86 |
| 3. Total Income (1+2) | 6,419.84 | 6,011.58 | 6,892.32 | 23,555.87 | 21,917.56 |
| 4. Expenses | |||||
| (i) Cost of materials consumed | 3,109.93 | 2,889.50 | 3,465.79 | 11,571.46 | 9,912.15 |
| (ii) Changes in inventories of finished goods, work-in-progress | (74.14) | 38.50 | 47.09 | (325.32) | 166.52 |
| (iii) Erection and sub-contracting expenses | 1,986.52 | 1,730.99 | 1,878.66 | 7,068.41 | 6,831.64 |
| (iv) Employee benefits expense | 426.46 | 417.73 | 386.32 | 1,662.39 | 1,540.20 |
| (v) Finance costs | 169.85 | 171.14 | 170.34 | 663.60 | 663.59 |
| (vi) Depreciation and amortisation expense | 50.58 | 50.37 | 46.53 | 197.38 | 183.68 |
| (vii) Other expenses | 492.91 | 494.64 | 555.43 | 1,870.03 | 1,892.29 |
| Total expenses | 6,162.11 | 5,792.87 | 6,550.16 | 22,707.95 | 21,190.07 |
| 5. Profit before exceptional items and tax (3-4) | 257.73 | 218.71 | 342.16 | 847.92 | 727.49 |
| 6. Exceptional Items | – | 58.78 | – | 58.78 | – |
| 7. Profit after exceptional items and before tax (5-6) | 257.73 | 159.93 | 342.16 | 789.14 | 727.49 |
| 8. Tax expenses : | |||||
| (i) Current Tax | 92.08 | 27.79 | 143.80 | 180.41 | 269.96 |
| (ii) Deferred Tax | (27.14) | 4.68 | (69.83) | 3.14 | (113.21) |
| Total Tax Expense | 64.94 | 32.47 | 73.97 | 183.55 | 156.75 |
| 9. Profit for the period (7-8) | 192.79 | 127.46 | 268.19 | 605.59 | 570.74 |
| 10. Other Comprehensive Income/(loss) | |||||
| (i) Items that will not be reclassified to profit or loss | (7.92) | 3.19 | (1.42) | (6.02) | (0.28) |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 1.24 | (1.04) | 0.13 | 0.62 | (0.13) |
| (iii) Items that will be reclassified to profit or loss | 426.45 | 15.17 | 93.17 | 594.14 | 54.39 |
| (iv) Income tax relating to items that will be reclassified to profit or loss | (75.57) | (1.36) | (23.65) | (98.85) | (9.01) |
| 11. Total Other Comprehensive Income/(Loss) for the period | 344.20 | 15.96 | 68.23 | 489.88 | 44.97 |
| 12. Total Comprehensive Income for the period (9+11) | 536.99 | 143.42 | 336.42 | 1,095.47 | 615.71 |
| 13. Paid-up equity share capital (face value Rs. 2/- each) | 53.24 | 53.24 | 53.24 | 53.24 | 53.24 |
| 14. Other Equity | – | – | – | 6,106.45 | 5,294.21 |
| 15. Basic / Diluted Earnings Per Share (in Rupees) attributable to owners (face value Rs. 2/- each) (not annualised except for the year ended March) | 7.24 | 4.79 | 10.08 | 22.75 | 21.80 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| 1 Non-Current Assets | ||
| (a) Property, Plant and Equipment | 1,159.49 | 1,073.99 |
| (b) Right-of-use Asset | 305.17 | 289.57 |
| (c) Capital work-in-progress | 113.65 | 38.52 |
| (d) Goodwill | 305.80 | 278.22 |
| (e) Intangible Assets | 2.92 | 4.83 |
| (f) Financial Assets | ||
| (i) Investments | ★ | ★ |
| (ii) Trade receivables | 31.45 | 214.93 |
| (iii) Other financial assets | 65.38 | 66.07 |
| (f) Deferred tax assets (net) | 475.39 | 452.70 |
| (g) Non-Current Tax Assets (Net) | 260.75 | 138.92 |
| (h) Other Non-Current assets | 228.98 | 235.53 |
| Total Non-Current Assets | 2,948.98 | 2,793.28 |
| 2 Current Assets | ||
| (a) Inventories | 1,532.74 | 1,140.46 |
| (b) Financial Assets | ||
| (i) Trade receivables | 6,474.21 | 5,051.10 |
| (ii) Cash and cash equivalents | 411.26 | 545.69 |
| (iii) Bank balances other than (ii) above | 100.67 | 110.24 |
| (iv) Other financial assets | 276.90 | 144.42 |
| (c) Contract assets | 12,127.56 | 11,043.51 |
| (d) Current Tax Assets (Net) | 26.57 | 16.70 |
| (e) Other current assets | 1,259.17 | 1,334.52 |
| Total Current Assets | 22,209.08 | 19,386.64 |
| Total Assets | 25,158.06 | 22,179.92 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity Share capital | 53.24 | 53.24 |
| (b) Other Equity | 6,106.45 | 5,294.21 |
| Total Equity | 6,159.69 | 5,347.45 |
| Liabilities | ||
| 1 Non-Current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 661.37 | 358.46 |
| (ii) Lease liabilities | 220.60 | 211.48 |
| (b) Provisions | 83.58 | 19.69 |
| (c) Deferred tax liabilities (net) | 24.61 | 15.55 |
| (d) Other non-current liabilities | 0.39 | 0.41 |
| Total Non-Current liabilities | 990.55 | 605.59 |
| 2 Current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 4,441.86 | 3,342.64 |
| (ii) Lease liabilities | 53.93 | 44.90 |
| (iii) Trade payables | ||
| – Total outstanding dues of micro and small enterprises | 218.20 | 164.64 |
| – Total outstanding dues of creditors other than micro and small enterprises | 8,485.05 | 8,831.57 |
| (iv) Trade acceptances | 2,120.73 | 1,507.27 |
| (v) Other financial liabilities | 115.68 | 97.28 |
| (b) Contract Liabilities | 1,837.26 | 1,659.36 |
| (c) Other current liabilities | 462.02 | 305.45 |
| (d) Provisions | 101.46 | 100.87 |
| (e) Current Tax Liabilities (Net) | 171.62 | 172.90 |
| Total current liabilities | 18,007.81 | 16,226.88 |
| Total Equity and Liabilities | 25,158.06 | 22,179.92 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES: | ||
| PROFIT FOR THE YEAR AFTER TAX | 605.59 | 570.74 |
| Adjustments for: | ||
| Income tax expense | 183.55 | 156.75 |
| Depreciation and amortisation expense | 197.38 | 183.68 |
| Profit on sale of property, plant and equipment (net) and gain on derecognition of leased assets | – | (8.56) |
| Loss on property, plant and equipment discarded and intangible assets derecognised | 2.56 | 3.32 |
| Finance costs | 663.60 | 663.59 |
| Interest income | (41.72) | (55.24) |
| Bad debts and loans and advances written off/(written back) (net) | 47.08 | 46.97 |
| Allowance for expected credit losses (net) | 164.09 | 216.70 |
| Mark to market (gain)/ loss on forward and commodity contracts | 12.88 | 9.71 |
| Net unrealised exchange loss/(gain) | (58.51) | (2.09) |
| Changes in assets and liabilities | 1,170.92 | 1,214.82 |
| Changes in working capital: | 1,776.51 | 1,785.56 |
| Adjustments for (increase) / decrease in operating assets: | ||
| Inventories | (355.01) | 72.85 |
| Trade receivables | (1,150.38) | (992.62) |
| Other financial assets | (4.26) | (23.42) |
| Contract assets | (1,022.11) | (2,017.72) |
| Other current assets | 98.88 | (221.95) |
| Other non-current assets | 9.58 | (6.56) |
| Adjustments for increase / (decrease) in operating liabilities: | (2,423.30) | (3,189.42) |
| Trade payables | (370.44) | 1,244.06 |
| Trade acceptances | 613.46 | (53.52) |
| Other current liabilities | 102.67 | 27.17 |
| Contract liabilities | 168.88 | 444.81 |
| Other financial liabilities | (32.04) | 3.90 |
| Provisions | 50.83 | (0.68) |
| CASH FLOW (USED IN)/ GENERATED FROM OPERATIONS | 533.36 | 1,665.74 |
| Taxes paid (net of refunds and interest on refunds) | (113.43) | 261.88 |
| NET CASH FLOW (USED IN)/ GENERATED FROM OPERATING ACTIVITIES (A) | (414.13) | 419.07 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Capital expenditure on property, plant and equipment and intangible assets (after adjustment of increase/(decrease) in capital work-in-progress and advances for capital expenditure) | (328.68) | (182.52) |
| Proceeds from sale of property, plant and equipment | 51.51 | 33.40 |
| Proceeds from sale and lease back transactions | – | 70.07 |
| Interest received | 25.81 | 53.24 |
| Bank balances (including non-current) not considered as cash and cash equivalents (net) | 9.57 | (42.06) |
| NET CASH FLOW (USED IN) INVESTING ACTIVITIES (B) | (241.79) | (67.87) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayments of other than short-term borrowings | (151.88) | (331.94) |
| Proceeds from other than short-term borrowings | 545.01 | 266.16 |
| Proceeds from issue of equity shares (QIP Issue) | – | 870.16 |
| Share issue expenses | – | (19.04) |
| Repayment of short-term borrowings | – | (21.40) |
| Payment of lease liabilities | (46.01) | (44.34) |
| Payment of interest of lease liabilities | (23.25) | (16.10) |
| Increase in short-term borrowings (net) | 969.19 | – |
| Finance costs paid | (635.71) | (632.83) |
| Dividend paid | (146.38) | (102.79) |
| NET CASH FLOW GENERATED FROM/(USED IN) FINANCING ACTIVITIES (C) | 510.97 | (32.12) |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | (144.95) | 319.08 |
| Cash and cash equivalents at the beginning of the year | 545.69 | 205.10 |
| Effect of exchange differences on restatement of foreign currency cash and cash equivalents | 10.52 | 21.51 |
| **CASH AND CASH EQUIVALENTS AT THE END OF |