Kec International Ltd. · NSE:KEC
Kec International — Q1 FY26 Earnings Presentation
35 slides from Kec International's earnings presentation, Jul 28, 2025
Slide 1: KEC International Limited Corporate Presentation
KEC International Limited Corporate Presentation 2 8 J u ly 2 0 2 5 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 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+ 8 FOOTPRINT IN 110+ Revenue FY25 21,847 Cr ONGOING Manufacturing COUNTRIES PROJECTS Facilities 84 7500+ 40+ Order Book & L1 HAPPINESS SCORE EMPLOYEES NATIONALITIES 40,000 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 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 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 M.S. Unnikrishnan Neera Saggi Harsh Vardhan Shringla 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, 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 11: Business Overview
2 Business Overview Water Intake System at Bheden, Odisha Part of the ‘Jal Jeevan Mission’ - Water supply to various households across various villages 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 project, Bangalore 20
Slide 21: 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 22: 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 22
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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 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 • 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 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