KEC International Ltd. (KEC) a global leader in the power transmission EPC business and an RPG group company has reported results which are below our estimates. PAT has shown a drop of 45.9% for the quarter under review at Rs 20.7 crore largely on account of higher input costs.
Net revenues grew 13.5% at Rs 824.3 crore
Net revenues for the quarter stood at Rs 824.3 crore as against Rs 726.4 crore in the corresponding quarter of the previous year, a YoY growth of 13.5%. The break up of the gross revenues for the quarter is as under: