Shares of KEC Worldwide Ltd soared 8% on Tuesday, 23 September, after the corporate obtained contemporary contracts value Rs 3,243 crore in its transmission and distribution (T&D) division the day earlier than.
The corporate said that this includes its largest EPC deal up to now. The brand new contracts embody 400 kV transmission strains within the UAE and the supply of towers, gear, and poles within the Americas.
Earlier, in August, the corporate introduced securing new orders value Rs 1,402 crore, and throughout the month of July, it secured orders value Rs 1,509 crore throughout its varied enterprise verticals.
KEC Worldwide Ltd posted a very good set of figures for the April-June quarter of FY25, with internet revenue rising 42.3% year-on-year to Rs 125 crore, from Rs 87.6 crore in the identical quarter final yr.
The corporate’s consolidated gross sales elevated by 11.3% YoY to Rs 5,023 crore from Rs 4,512 crore within the earlier yr, owing to robust progress throughout all classes.
Working efficiency additionally improved dramatically. EBITDA elevated by 29.5% yr on yr to Rs 350 crore, with margins growing to 7% from 6% the earlier yr attributable to improved value financial savings and venture execution.
At 11:50 am, the shares of KEC Worldwide have been buying and selling 4.65% larger at Rs 906.50 on NSE.
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