In QQ3 2024, KEC International Limited reported a substantial year-over-year revenue increase of 6.84%, amounting to INR 53.49 billion, driven by strong demand in the Engineering & Construction sector. The company achieved impressive profitability metrics with a net income of INR 1.30 billion, representing a 33.75% increase YoY. The management highlighted significant improvements in gross profit margins, indicating effective cost management and operational efficiencies. KEC continues to expand its project pipeline across various segments, positioning itself favorably in both domestic and international markets.
Strategic initiatives including diversification of project offerings and enhancements in execution capabilities resulted in a 19.72% QoQ increase in operating income. This performance has reinforced investor confidence, contributing to a more favorable outlook for the coming quarters as KEC capitalizes on emerging opportunities in infrastructure development and renewable energy.