Kec International Ltd. · NSE:KEC
Kec International — Q4 FY26 Earnings Presentation
38 slides from Kec International's earnings presentation, May 16, 2026
Slide 1: KEC International Limited Corporate Presentation
KEC International Limited Corporate Presentation 16 May 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 765/400 kV GIS at Maheshwaram, Telangana 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 banki
Slide 5: KEC International: A Legacy of Decades, A Promise of Happiness
KEC International : A Legacy of 8 Decades, A Promise of Happiness 250+ 8 FOOTPRINT IN 110+ Revenue FY26 23,506 Cr ONGOING Manufacturing COUNTRIES PROJECTS Facilities 85 8000+ 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 • FY26 Sales: Rs. 23,506 crore (USD 2.7 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 Ganesh Srinivasan Raman Kapil Manish Srivastava Chief Financial Officer Chief Human Resources Officer President - President - Managing Director, & Executive Director T&D Civil KEC Asian Cables Ltd. Ankur Dev Mayank Agr
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, Mumbai, Maharashtra 20
Slide 21: Key Performance Highlights – Consolidated Q4 & Full year FY26
Key Performance Highlights – Consolidated Q4 & Full year FY26 Consolidated Highlights for FY26 v/s FY25 Consolidated Highlights for Q4 FY26 v/s Q4 FY25 Record Revenues of Rs. 23,506 Cr - Growth of 8% Revenue of Rs. 6,390 Cr against Rs. 6,872 Cr EBITDA Margin at 7.1% against 6.9% EBITDA Margi
Slide 22: Key Business Highlights – FY26
Key Business Highlights – FY26 T&D Civil Transportation • Revenues of Rs. 15,883 Cr, growth of 24% • Revenues of Rs. 3,823 Cr • Revenues of Rs. 1,555 Cr; focus on expediting • Bheden water project supplying to over completion of existing projects • Order intake of ~Rs. 17,700 Cr across India, Middle
Slide 23: Management Commentary
Management Commentary We achieved our highest-ever Revenues, Profitability and Order Intake during the year, despite a challenging operating environment especially in Q4. The record performance was driven by robust execution in our T&D business, with its contribution to revenues increasing significa
Slide 24: Sustained Profitable Growth – Last 3 Years
Sustained Profitable Growth – Last 3 Years Revenue (₹ Crore) EBITDA (₹ Crore) and EBITDA Margin (%) 23,506 EBITDA Margins Improved by 230 bps 21,847 19,914 17,282 6.9% 7.1% 6.1% 4.8% 1,504 1,659 1,215 830 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Operating* PBT (₹ Crore) and PBT Margin (%) Operating*
Slide 25: Key Strategic Moves – Last 3 Years
Key Strategic Moves – Last 3 Years Grow T&D business - T&D Revenue share increased to 68% in FY26 from 50% in FY23; Order book & L1 doubles to Leverage market tailwinds Rs. 25,000 Cr in last three years International expansion of Secured 4 International orders in Transportation & Oil & Gas businesse
Slide 26: Financial Performance
4 Financial Performance Aluminium Conductor Plant, Vadodara, Gujarat 26
Slide 27: Profit and Loss Summary - Consolidated
Profit and Loss Summary - Consolidated Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) Revenues 6,390 6,872 -7% 23,506 21,847 8% EBITDA 448 539 -17% 1,659 1,504 10% EBITDA Margins 7.0% 7.8% 7.1% 6.9% (+) Other Income 30 20 50 47 (-) Depreciation 51 47 197 184 (-) Intere
Slide 28: Profit and Loss Summary - Standalone
Profit and Loss Summary - Standalone Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) Revenues 5,260 6,048 -13% 19,047 19,178 -1% EBITDA 273 352 -22% 1,054 1,037 2% EBITDA Margins 5.2% 5.8% 5.5% 5.4% (+) Other Income 34 28 64 84 (-) Depreciation 36 34 140 146 (-) Interes
Slide 29: Businesswise Revenue Performance - Consolidated
Businesswise Revenue Performance - Consolidated Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) T&D: 4,485 4,328 4% 15,883 12,833 24% - T&D (KEC) 3,999 3,975 1% 14,082 11,508 22% - SAE Towers 487 353 38% 1,800 1,325 36% Non T&D: 2,192 2,877 -24% 8,369 9,616 -13% - Civil
Slide 30: Borrowings & Working Capital - Consolidated
Borrowings & Working Capital - Consolidated (₹ crore) Increase/ Increase/ Particulars 31-Mar-26 31-Dec-25 31-Mar-25 (Decrease) (Decrease) I) Net Debt 4,601 4,865 -264 3,051 1,550 II) Interest Bearing Acceptances 2,121 1,941 179 1,507 613 Total (I + II) 6,722 6,806 -84 4,558 2,164 Net debt includin
Slide 31: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – FY26 Order Book – 31 Mar’26 T&D : 62% SAE : 8% T&D: 56% SAE : 7% 7% 1% 1% 2% 2% 7% 20% Order Intake Order Book Rs 25,280 Cr. 27% Rs 36,267 Cr. 63% 70% Domestic : 46% International : 54% Domestic : 52% International : 48% Cables & T&D Civil Tran
Slide 32: Business Outlook
Business Outlook TAILWINDS HEADWINDS Sustained Govt. focus on infrastructure with capex outlay increased to Geopolitical unrests in the Middle East ₹12.2 lakh Cr. (up 9% YoY); overall infrastructure-led spending including grants and PSU investments, is estimated at over ₹17 lakh Cr. o Supply cha
Slide 33: Environmental, Social and Governance (ESG)
5 Environmental, Social and Governance (ESG) 500 MW Solar Project at Bhadla, Rajasthan
Slide 34: Key Highlights – ESG & Sustainability
Key Highlights – ESG & Sustainability Significant improvement across all nine Sustainability goals resulting in ESG Rating improvement Expanded deployment of ESG initiatives across project sites in addition to factories Investment in Solar Rooftop plants – Increased solar footprint across our
Slide 35: 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 36: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • KECARES 2.0 expanded its footprint, health melas, fitness initiatives, yoga, and expert-led sessions • Recovery of Zinc from Ash & Dross Happiness • Dedicated programmes being developed on Circularity • Construction of artificial reefs using st
Slide 37: Key Awards & Recognition
Key Awards & Recognition KEC Achieved 19th rank at BW India’s Most Sustainable Earned global recognition by winning the Sword of Honour Achieved Distinction and 20 awards in ISA Companies from British Safety Council for our KEC Civil project 2026 Awards from British Safety Council Won Water Sustaina
Slide 38: 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