Kec International Ltd. · NSE:KEC
Kec International — Q3 FY26 Earnings Presentation
35 slides from Kec International's earnings presentation, Jan 30, 2026
Slide 1: KEC International Limited Corporate Presentation
KEC International Limited Corporate Presentation 30 January 2026 Power T & D Civil Transportation Oil & Gas Pipelines Renewables Cables & Conductors
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 765 kV Ahmedabad – Navsari Transmission line, Gujarat3
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+ 8 FOOTPRINT IN 110+ Revenue FY25 21,847 Cr ONGOING Manufacturing COUNTRIES PROJECTS Facilities 84 7500+ 40+ Order Book & L1 HAPPINESS SCORE EMPLOYEES NATIONALITIES 41,000 Cr+ Transmission Cables & Civil Transportation Renewables
Slide 6: KEC Overview
KEC Overview • Global infrastructure EPC major • FY25 Sales: Rs. 21,847 crore (USD 2.6 billion) • Eight manufacturing facilities across India, Dubai, Brazil and Mexico Footprint in 110+ countries across the globe Middle India & Americas Oceania East South Asia Africa EPC Footprint countries EPC: 75+
Slide 7: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission Lines Factories Logistics Metros – Civil Metros - Tech TCAS - Kavach Wind EPC Substations Residential Buildings Airports OHE S&T Speed Upgradation Semiconductor HVDC Commercial Buildings Hospitals Ballastless Tracks Stations & Platforms Automatic Signallin
Slide 8: 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 8
Slide 9: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal Arvind Singh Harsh Vardhan Shringla M.S. Unnikrishnan Neera Saggi Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent
Slide 10: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Aggarwal Somraj Roy Anand Kulkarni Ganesh Srinivasan Prateek Bhattacharya Chief Financial Officer Chief Human Executive Director - President – Managing Director, Resources Officer Business Operations & T&D KEC Asian Cables Ltd. Renewables
Slide 11: Business Overview
2 Business Overview Transmission line project, Kuwait – Saudi Arabia Interconnection 11
Slide 12: Transmission & Distribution (T&D)
Transmission & Distribution (T&D) • One of the largest Power T&D EPC companies; footprint across 75+ countries • Global leadership with experience of 8 decades • Integrated solutions on turnkey basis Transmission Lines up to 1,200 kV Large size substations – Air Insulated up to 1,150 kV, Gas Ins
Slide 13: Transmission & Distribution (T&D) (contd.)
Transmission & Distribution (T&D) (contd.) SAE Towers, USA Wholly owned subsidiary • Leading manufacturer of steel lattice transmission towers in the Americas • 7 decades of rich and diverse experience in the region • Manufactures Transmission Towers, Poles, Substation Tower Manufacturing Facility,
Slide 14: In-house capabilities for turnkey solutions
In-house capabilities for turnkey solutions Design & Engineering • In-house design centers with 350+ engineers across eight centres in India, the Middle East and Americas • >70 years library of transmission lines design database, including towers, hybrid poles and monopoles; expertise across designi
Slide 15: Transportation
Transportation • End-to-end EPC solutions (Railways, Metros & Ropeways) • Experience in tunnel ventilation, MEP systems, and port- • Proven capabilities in railway electrification (OHE/2x25 kV), connectivity infrastructure track laying, gauge conversion, and civil works • Pioneer in erecting heavy p
Slide 16: Civil
Civil • End-to-end EPC solutions across residential, commercial, • Advanced use of digital tools like BIM, AI planning, IoT industrial, data centres, defence, and water infrastructure monitoring, and automated scheduling • Expertise in delivering high-rise buildings, smart campuses, • Expertise in m
Slide 17: Renewables
Renewables • Comprehensive EPC solutions across Solar, Wind, • Extending capabilities into Green Hydrogen, and Green Hydrogen covering generation, storage, and end-use • Executing over 500 MWp of solar projects including applications ground-mounted, rooftop, and carport systems • Backward integratio
Slide 18: Oil & Gas Pipelines
Oil & Gas Pipelines • End-to-end EPC capabilities across oil, gas, slurry, and water pipeline infrastructure • Expertise in cross-country pipelines, terminal works, process piping, and storage tankages • Successfully delivered 1,200+ km of hydrocarbon pipelines across India • Currently executing 125
Slide 19: Cables
Cables • KEC’s wholly owned subsidiary KEC Asian Cables manufactures a comprehensive range of power cables, special cables, & O/H conductors • Product portfolio spans Extra High Voltage (up to 220 kV), High & Low Voltage, Control & Instrumentation, Railway, Telecom, and Solar cables • Two state-of-t
Slide 20: Key Performance Highlights
3 Key Performance Highlights High Rise Residential Building, Bangalore, Karnataka 20
Slide 21: Financial Highlights FY25 – Growth Across Parameters
Financial Highlights FY25 – Growth Across Parameters FY25 vs FY24 Revenues EBITDA PBT PAT 10% 26% 71% 65% YoY YoY YoY YoY % 7.0% % 3.3% % 2.6% 21,847 Cr 1,528 Cr 727 Cr 571 Cr 21
Slide 22: Key Business Highlights – FY25
Key Business Highlights – FY25 T&D Civil Transportation • Milestone Revenues of Rs. 12,833 Cr, growth • Revenues of Rs. 2,112 Cr • Revenues of Rs. 4,483 Cr of 23% YoY • Order intake of ~Rs. 2,200 Cr - maiden orders • Order inflow of over Rs. 2,400 Cr+ in • Significant traction in order intake with a
Slide 23: Financial Highlights Q3 & 9M FY26 – Growth Across Parameters
Financial Highlights Q3 & 9M FY26 – Growth Across Parameters Q3 FY26 vs Q3 FY25 Revenues EBITDA Operating PBT* Operating PAT* 12% 15% 37% 32% YoY YoY YoY YoY % 7.2% % 3.6% % 2.9% 6,001 Cr 430 Cr 219 Cr 171 Cr 9M FY26 vs 9M FY25 Revenues EBITDA Operating PBT* Operating PAT* 14% 22% 53% 51% YoY YoY Yo
Slide 24: Key Business Highlights – Q3 FY26
Key Business Highlights – Q3 FY26 T&D Civil Transportation • Revenues of Rs. 4,161 Cr, growth of 31% YoY • Revenues of Rs. 923 Cr – execution impacted • Revenues of Rs. 349 Cr; focus on expediting • Order intake of over Rs. 13,500 Cr across due to labour shortages, delay in release of completion of
Slide 25: Management Commentary
Management Commentary We are pleased with the growth in Revenues and Operating Profitability for the quarter. The growth is backed by strong performances in our T&D and Cables & Conductors businesses. The performance on EBITDA margin front reflects slower progress in water projects and closure costs
Slide 26: Profit and Loss Summary - Consolidated
Profit and Loss Summary - Consolidated Particulars Q3 FY26 Q3 FY25 Growth 9M FY26 9M FY25 Growth (₹ crore) (Y-o-Y) (Y-o-Y) Revenues 6,001 5,349 12% 17,116 14,975 14% EBITDA 430 374 15% 1,211 989 22% EBITDA Margins 7.2% 7.0% 7.1% 6.6% (+) Other Income 10 1 20 27 (-) Depreciation 50 45 147 137 (-) Int
Slide 27: Profit and Loss Summary - Standalone
Profit and Loss Summary - Standalone Particulars Q3 FY26 Q3 FY25 Growth 9M FY26 9M FY25 Growth (₹ crore) (Y-o-Y) (Y-o-Y) Revenues 4,808 4,758 1% 13,787 13,130 5% EBITDA 276 281 -2% 781 709 10% EBITDA Margins 5.7% 5.9% 5.7% 5.4% (+) Other Income 12 4 30 56 (-) Depreciation 36 37 105 112 (-) Interest
Slide 28: Businesswise Revenue Performance - Consolidated
Businesswise Revenue Performance - Consolidated (₹ crore) Growth Growth Particulars Q3 FY26 Q3 FY25 9M FY26 9M FY25 (Y-o-Y) (Y-o-Y) T&D: 4,161 3,175 31% 11,397 8,505 34% - T&D (KEC) 3,636 2,866 27% 10,084 7,533 34% - SAE Towers 525 309 70% 1,313 972 35% Non T&D: 2,027 2,278 -11% 6,177 6,739 -8% - Ci
Slide 29: Borrowings & Working Capital - Consolidated
Borrowings & Working Capital - Consolidated (₹ crore) Increase/ Increase/ Increase/ Particulars 31-Dec-25 31-Dec-24 30-Sep-25 31-Mar-25 (Decrease) (Decrease) (Decrease) I) Net Debt 4,865 4,064 800 4,615 250 3,051 1,814 II) Interest Bearing Acceptances 1,941 1,510 432 1,865 76 1,507 434 Total (I + II
Slide 30: Order Intake & Order Book - Consolidated
Order Intake & Order Book - Consolidated Order Intake – YTD FY26 Order Book – YTD FY26 Revenue – 9M FY26 T&D : 65% SAE : 6% T&D : 58% SAE : 6% T&D : 59% SAE : 8% 6% 1% 1% 7% 2% 1% 6% 3% 7% 21% Order Intake Order Book Revenue Rs 19,265 Cr. 26% Rs 36,725 Cr. Rs 17,116 Cr. 17% 64% 67% 71% Domestic : 47
Slide 31: Business Outlook: Tailwinds and Headwinds
Business Outlook TAILWINDS HEADWINDS Strong pipeline in International T&D Labour availability: Improving trend, though shortages in select o Middle East continues to be a key growth engine, with categories continue to pose challenges significant opportunities across Saudi Arabia, UAE and Oman
Slide 32: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) 500 MW Solar Project at Bhadla, Rajasthan
Slide 33: 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 34: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Culture Pillars “EXCITE” becoming way of working • Created 210 artificial reefs off the coast of in KEC: Structured Approach for re-integration and Mumbai using leftover steel and cement from Happiness Enhanced Visibility Circularity project si
Slide 35: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: 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