In 3QFY20, KEC posted consolidated revenue growth of 16% YoY to INR 30.7bn led by strong execution of orders; and 21% growth in T&D; segment (SAE up 2.2x), while non-T&D; business declined by 4% YoY. EBITDA increased 13% YoY to INR 3.2bn; margins remained flat at 10.5%. Aided by lower interest cost, PBT grew by 21% YoY to INR 2bn, while PAT surged by 31% YoY to INR 1.45bn .With 9MFY20 reporting 15% YoY growth in revenue, KEC has maintained its FY20 revenue growth guidance at 15%. T&D; growth traction continues, rising 21.5% YoY on the back of better execution and robust YoY growth in SAE division (up 121.3%). SAE revenue continues to grow backed by Brazil EPC execution...