Heavy Electrical Equipment company KEC International announced Q2FY26 results Revenue: Rs 6,092 crore against Rs 5,113 crore. EBITDA: Rs 430 crore against Rs 320 crore. EBITDA Margin: 7.1% against 6.3%. Interest as % to Revenue: 2.8% against 3.3%. PBT: Rs 213 crore against Rs 113 crore. PBT Margin: 3.5% against 2.2%. PAT: Rs 161 crore against Rs 85 crore. PAT Margin: 2.6% against 1.7%. Order Intake: YTD Order intake of Rs 16,050 crore, healthy growth of ~20% YoY. Order Book: YTD Order Book of Rs 39,325 crore; Additionally, L1 of ~Rs 5,000 crore. Net Debt including Acceptances stands at Rs 6,480 crore as on 30 Sept’25 vis-a-vis Rs 5,265 crore as on 30 Sept’24. Net Working Capital (NWC) stands at 138 days as on 30 Sept’25 vis-a-vis 130 days as on 30 Sept’24. Vimal Kejriwal, MD & CEO, KEC International, said: “We have delivered another quarter of strong performance, marked by robust revenue growth, significant improvement in profitability and healthy order intake. Our EBITDA margins have continued their upward trajectory, expanding by 80 bps to 7.1% in Q2FY26, compared to 6.3% in the same quarter last year. The bottom line has also seen exceptional growth, with PBT and PAT rising by 88% YoY. The order book has been substantially strengthened with multiple strategic wins, taking the combined order book and L1 position to a record level of over Rs 44,000 crore. With a strong focus on execution, robust order book and a substantial tender pipeline, we are well positioned to drive sustained and profitable growth in the coming quarters.” Result PDF
Conference Call with KEC International Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.