KEC International Ltd. · NSE:KEC
KEC International — Q1 FY26 Earnings Presentation
25 slides from KEC International's earnings presentation, Jul 28, 2025
Slide 1: KEC International Limited Investor Presentation – Q1 FY26
KEC International Limited Investor Presentation – Q1 FY26 2 8 J u ly 2 0 2 5 Power T & D Civil Transportation Oil & Gas Pipelines Renewables Cables
Slide 2: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 3: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International 400 kV Transmission line, Assam 3
Slide 4: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 5: KEC International: A Legacy of Decades, A Promise of Happiness
KEC International : A Legacy of 8 Decades, A Promise of Happiness 275+ FOOTPRINT IN Revenue FY25 8 21,847 Cr 110+ COUNTRIES ONGOING PROJECTS Manufacturing Facilities 84 7500+ 40+ Order Book & L1 HAPPINESS SCORE EMPLOYEES NATIONALITIES 40,000 Cr+ Transmission Cables & Civil Transportation Renewables
Slide 6: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission Lines Factories Underground Cabling Water Airports Hospitals Semiconductor Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings Petrochemicals OHE Track Laying Railway Bridges Data Centre TCAS - Kavach Automatic Signallin
Slide 7: Purpose Statement and Culture Pillars
Purpose Statement and Culture Pillars “WE TRANSFORM LIVES BY BUILDING SUSTAINABLE WORLD CLASS INFRASTRUCTURE” Execution Excellence Customer Centricity Technology & Engineering Mindset Happiness Inclusive - Empowerment Diverse & & Trust Global Mindset 7
Slide 8: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal Arvind Singh M.S. Unnikrishnan Neera Saggi Nirupama Rao* Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Director
Slide 9: Management Team
Management Team Vimal Kejriwal Managing Director & CEO, KEC International Limited Rajeev Agarwal Anand Kulkarni Ganesh Srinivasan Prateek Bhattacharya Chief Financial Officer Executive Director - President – Managing Director, Business Operations T&D KEC Asian Cables Ltd. Nagesh Veeturi Kaushal Kode
Slide 10: Key Performance Highlights
2 Key Performance Highlights High rise Residential project, Bangalore 10
Slide 11: Consolidated Financial Highlights Q1 FY26 – Healthy Performance
Consolidated Financial Highlights Q1 FY26 – Healthy Performance Revenues EBITDA PBT PAT 11% 19% 41% 42% YoY YoY YoY YoY % 7.0% % 3.2% % 2.5% 5,023 Cr 350 Cr 159 Cr 125 Cr ▪ Robust execution in T&D ▪ EBITDA margins have ▪ Reduced interest expenses ▪ Robust growth in bottom line business, both in Indi
Slide 12: Strong Growth in Quarterly Performance - Consolidated
Strong Growth in Quarterly Performance - Consolidated Revenue (₹ Crore) EBITDA (₹ Crore) and EBITDA Margin (%) CAGR 15% CAGR 28% 5,023 7.0% 4,512 6.5% 4,244 5.8% 3,318 5.1% 350 244 294 168 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY26 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY26 PBT (₹ Crore) and PBT Margin (%) PAT (₹ Crore)
Slide 13: Key Business Highlights – Q1 FY26
Key Business Highlights – Q1 FY26 T&D Civil Transportation • Revenues of Rs. 3,157 Cr, growth of 26% YoY • Revenues of Rs. 940 Cr – execution impacted • Revenues of Rs. 471 Cr by continued labor shortages and delayed • Kavach • Order intake of over ~Rs. 3,200 Cr across payments in water projects − E
Slide 14: Management Commentary
Management Commentary We have started the year on a strong note by delivering a healthy revenue growth, substantial increase in profitability and a reduction in debt levels. Despite headwinds such as persistent manpower shortages and geopolitical uncertainties, we have continued to deliver consisten
Slide 15: Financial Performance
3 Financial Performance KEC’s first Airport project at Tuticorin, recently inaugurated by Hon’ble Prime Minister 15
Slide 16: Profit and Loss Summary - Consolidated
Profit and Loss Summary - Consolidated (₹ crore) Growth Particulars Q1 FY26 Q1 FY25 (Y-o-Y) Revenues 5,023 4,512 11% EBITDA* 350 294 19% EBITDA Margins 7.0% 6.5% (+) Other Income 5 19 (-) Depreciation 46 47 (-) Interest 151 155 -2% Interest as % to sales 3.0% 3.4% PBT 159 112 41% PBT Margins 3.2% 2.
Slide 17: Profit and Loss Summary - Standalone
Profit and Loss Summary - Standalone (₹ crore) Growth Particulars Q1 FY26 Q1 FY25 (Y-o-Y) Revenues 4,030 3,888 4% EBITDA* 197 198 0% EBITDA Margins 4.9% 5.1% (+) Other Income 8 20 (-) Depreciation 32 38 (-) Interest 123 137 -10% Interest as % to sales 3.1% 3.5% PBT 50 43 15% PBT Margins 1.2% 1.1% Ta
Slide 18: Businesswise Revenue Performance - Consolidated
Businesswise Revenue Performance - Consolidated (₹ crore) Growth Particulars Q1 FY26 Q1 FY25 (Y-o-Y) T&D: 3,157 2,499 26% - T&D (KEC) 2,797 2,153 30% - SAE Towers 359 346 4% Non T&D: 1,990 2,092 -5% - Civil 940 1,059 -11% - Transportation 471 471 0% - Oil & Gas Pipelines 60 126 -52% - Renewables 136
Slide 19: Borrowings & Working Capital - Consolidated
Borrowings & Working Capital - Consolidated (₹ crore) Increase/ Increase/ Particulars 30-Jun-25 30-Jun-24 31-Mar-25 (Decrease) (Decrease) I) Net Debt 3,660 3,973 -313 3,051 609 II) Interest Bearing Acceptances 1,689 1,624 65 1,507 181 Total (I + II) 5,348 5,596 -248 4,558 790 ❑ Net debt including ac
Slide 20: Order Intake & Order Book - Consolidated
Order Intake & Order Book - Consolidated Order Intake – YTD FY26 Order Book – YTD FY26 T&D : 53% SAE : 6% T&D: 54% SAE : 6% 3% 1% 1% 1% 9% 1% 38% Order Intake Order Book Rs 5,517 Cr. Rs 34,409 Cr. 28% 60% 59% T&D Civil Cables Oil & Gas T&D Civil Transportation Cables Renewables Oil & Gas Domestic :
Slide 21: Promising Business Outlook
Promising Business Outlook TAILWINDS HEADWINDS ▪ Robust T&D Business: ~60% share in YTD Order intake and Order ▪ Labour availability: Improving trend, though shortages continue book, driving superior margins to pose challenges ▪ Strong momentum in T&D continues, driven by renewable energy ▪ Subdued
Slide 22: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) 500 MW Solar Project at Bhadla, Rajasthan
Slide 23: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 24: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • KECares 2.0 continues to focus on Holistic • Implemented zero-based material consumption wellbeing encompassing Physical, Mental & guidelines across all manufacturing plants Happiness Financial health Circularity • Pit covers, water tanks, and
Slide 25: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: A logo of a camera Description automatically generated Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com www.kecrpg.com