KEC International reported 15.98% increase in the Sep-20 quarter top line sales revenues at Rs3,257.67cr. While the sales did dip in the Jun-20 quarter, due to fall in demand for power equipment, EPC contracts and a general slowdown in capital investments, the recovery has been equally quick back to pre-COVID levels.
For the Sep-20 quarter, the operating profits were marginally down by 1.3% at Rs255.69cr. This is largely on the back of higher raw material costs and also higher sub-contracting expenses for its EPC contracts. This also resulted in the operating margin contracting from 9.22% to 7.85% in the Sep-20 quarter.
Net profits for the Sep-20 quarter were marginally higher by 2.5% at Rs142.55cr. However, this profit is on a substantially larger sales figure. This led to the net margins actually contracting marginally by just 57 bps at 4.38% in Q2.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
KEC International |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
3,257.67 |
2,808.81 |
15.98% |
2,206.76 |
47.62% |
|
Operating Profit |
255.69 |
259.07 |
-1.30% |
155.80 |
64.11% |
|
Net Profits |
142.55 |
139.12 |
2.47% |
70.80 |
101.34% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
5.55 |
5.41 |
|
2.75 |
|
|
OPM |
7.85% |
9.22% |
|
7.06% |
|
|
Net Margins |
4.38% |
4.95% |
|
3.21% |
|
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