· Net Sales for the year, increases by 29.9% Y-o-Y to ` 5,814.7 crore
· Net Profit for the year, increases by 1.8% Y-o-Y to ` 209.3 crore
· Order Book, increases by 9.9% Y-o-Y to ` 8,572.0 crore
· Secures ` 404 crore transmission line order from Kazakhstan
· The Board recommends Dividend at 60% of face value (` 1.2 per share)
Mumbai, May 03, 2012: KEC International Ltd. (KEC), a global infrastructure EPC major, an RPG Group company, announced its audited results for the financial year (FY) 2011-12 and unaudited results for the fourth quarter (Q4) ended March 31, 2012.
Consolidated Financial Performance
For the FY 2011-12, Net Sales increased by 29.9% to ` 5814.7 crore and Net Profit increased by 1.8% to ` 209.3 crore as compared to the FY 2010-11.
For the Q4 of FY 2011-12, Net Sales increased by 32.7% to ` 2069.0 crore and Net Profit decreased by 5.3% to ` 74.4 crore as compared to the corresponding quarter of FY 2010-11.
New Order and Current Order Book
The Company has secured new order from Kazakhstan for design, construction and commissioning of 500 kV transmission line on turnkey basis between Yukress substation – Alma substation. It is secured from the client Kazakhstan Electricity Grid Operating Company JSC (KEGOC). Total order value is ` 404 crore and project duration is 32 months. Total line length is 321 kms.
The Company’s current Order Book increased by 9.9% to ` 8,572 crore as compared to the FY 2010-11. Of this, 56% comes from the International markets.
“We are happy with the good top-line growth which is contributed by increased levels of execution in each of our businesses. We had continuous order inflows throughout the year, spread across various businesses and geographies. We have a robust order book which gives us good visibility for the FY 2012-13 and we are well positioned to leverage global opportunities across the infrastructure value chain.” commented Mr. Ramesh Chandak, MD & CEO, KEC International Ltd.
About KEC International Ltd
KEC International is a billion dollar turnover, global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission, Power Systems, Cables, Railways, Telecom and Water. The Company has powered infrastructure development in 45 countries across South Asia, Middle East, Africa, Central Asia and Americas. It is a flagship Company of the RPG Group.
About RPG Enterprise
RPG Enterprises, established in 1979, is one of India’s fastest growing business groups with turnover touching ` 13,000 crore. The group has more than fifteen companies managing diverse business interests in the areas of Tyre, Infrastructure, IT, and Speciality