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  4. KEC International Q3 net profit down 35% to Rs 19.15 crore

KEC International Q3 net profit down 35% to Rs 19.15 crore

New Delhi: KEC International, the flagship firm of the diversified RPG Group, today reported about 35 per cent decline in its consolidated net profit to Rs 19.15 crore for the quarter ended December 2013, primarily

India TV News Desk Published : Feb 12, 2014 20:02 IST, Updated : Feb 12, 2014 20:04 IST
With these orders, the total order book of KEC International stands at Rs 10,250 crore, the company said, adding that overseas orders account for 58 per cent of its total orders.

"Strong execution and robust order book has helped us in achieving good top line growth. Further, our profitability is gradually improving every quarter," the company's Managing Director and CEO Ramesh Chandak said.

He further said that KEC has secured new orders worth Rs 7,100 crore this fiscal, giving the company "good visibility for the coming quarters".

KEC International is an EPC major, having presence in many countries and operates in several business verticals including power transmission, power systems, cables, railways, telecom and water.

Shares of the company were trading at Rs 54.05, up 3.54 per cent, on the BSE at 1500 hours.
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