10 Jan , 2022 By : monika singh
NEW DELHI – Shares of KEC International NSE 2.66 % gained close to 4 per cent in Monday's session as the engineering, procurement and construction major said it has bagged new orders worth Rs 1,025 crore across its various businesses.
The company's transmission and distribution business has secured orders for projects in India and the Middle East, the RPG Group firm said.
The counter rose to a high of Rs 479.45 as against Rs 461.55 on the National Stock Exchange.
The other businesses from which the company has bagged orders include oil and gas pipelines and smart infrastructure, PTI reported.
"Our order book continues to grow against the backdrop of orders secured across all our business verticals,” KEC International MD and CEO Vimal Kejriwal, was quoted as saying in PTI’s report.
In July-September quarter, the company’s revenue increased to Rs 3,587 crore as against Rs 3,258 crore in the same period a year ago. Revenue in April-September period rose to Rs 6,127 crore as against Rs 5,464 crore in the first six months of the previous financial year.
The company’s earnings before interest taxes depreciation and amortization (EBITDA) in July-September was at Rs 253 crore against Rs 293 crore a year ago.
The profit after tax in the July-September quarter clocked in at Rs 113 crore against Rs 143 crore in the same period a year ago.
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