Mumbai, January 31, 2026: KEC International Ltd., a global infrastructure EPC major, part of RPG Group, today announced its results for the third quarter (Q3 FY26) and nine months (9M FY26) ended December 31, 2025.
Consolidated Financial Performance:
| Q3 FY26 v/s Q3 FY25
Revenue: Rs. 6,001 crore against Rs. 5,349 crore EBITDA: Rs. 430 crore against Rs. 374 crore EBITDA Margin: 7.2% against 7.0% Interest as % to Revenue: 2.9% against 3.2% Operating PBT: Rs. 219 crore against Rs. 160 crore Operating PBT Margin: 3.6% against 3.0% Operating PAT: Rs. 171 crore against Rs. 130 crore Operating PAT Margin: 2.9% against 2.4% |
9M FY26 v/s 9M FY25*
Revenue: Rs. 17,116 crore against Rs. 14,975 crore EBITDA: Rs. 1,211 crore against Rs. 989 crore EBITDA Margin: 7.1% against 6.6% Interest as % to Revenue: 2.9% against 3.3% Operating PBT: Rs. 590 crore against Rs. 385 crore Operating PBT Margin: 3.4% against 2.6% Operating PAT: Rs. 457 crore against Rs. 303 crore Operating PAT Margin: 2.7% against 2.0% |
| PBT & PAT with Exceptional Item# | |
| PBT: Rs. 160 crore against Rs. 160 crore
PBT Margin: 2.7% against 3.0% PAT: Rs. 127 crore against Rs. 130 crore PAT Margin: 2.1% against 2.4% |
PBT: Rs. 531 crore against Rs. 385 crore
PBT Margin: 3.1% against 2.6% PAT: Rs. 413 crore against Rs. 303 crore PAT Margin: 2.4% against 2.0% |
#Exceptional item for Q3 & 9M FY26 includes a provision of Rs. 59 crore made towards the New labour code *EBITDA for 9M FY25 includes an amount of Rs. 24 crore received towards an arbitration award
Standalone Financial Performance:
| Q3 FY26 v/s Q3 FY25
Revenue: Rs. 4,808 crore against Rs. 4,758 crore EBITDA: Rs. 276 crore against Rs. 281 crore EBITDA Margin: 5.7% against 5.9% |
9M FY26 v/s 9M FY25*
Revenue: Rs. 13,787 crore against Rs. 13,130 crore EBITDA: Rs. 781 crore against Rs. 709 crore EBITDA Margin: 5.7% against 5.4% |
Registered Office: RPG House, 463, Dr. Annie Besant Road
Worli, Mumbai 400030, CIN: L45200MH2005PLC152061, India.An Company
| Q3 FY26 v/s Q3 FY25
Interest as % to Revenue: 3.1% against 3.2% Operating PBT: Rs. 104 crore against Rs. 93 crore Operating PBT Margin: 2.2% against 2.0% Operating PAT: Rs. 78 crore against Rs. 73 crore Operating PAT Margin: 1.6% against 1.5% |
9M FY26 v/s 9M FY25*
Interest as % to Revenue: 3.0% against 3.4% Operating PBT: Rs. 289 crore against Rs. 210 crore Operating PBT Margin: 2.1% against 1.6% Operating PAT: Rs. 221 crore against Rs. 163 crore Operating PAT Margin: 1.6% against 1.2% |
| PBT & PAT with Exceptional Item# | |
| PBT: Rs. 52 crore against Rs. 93 crore
PBT Margin: 1.1% against 2.0% PAT: Rs.39 crore against Rs. 73 crore PAT Margin: 0.8% against 1.5% |
PBT: Rs. 236 crore against Rs. 210 crore
PBT Margin: 1.7% against 1.6% PAT: Rs. 182 crore against Rs. 163 crore PAT Margin: 1.3% against 1.2% |
#Exceptional item for Q3 & 9M FY26 includes a provision of Rs. 52 crore made towards the New labour code *EBITDA for 9M FY25 includes an amount of Rs. 24 crore received towards an arbitration award.
Consolidated Order Intake and Unexecuted Order Book:
▪ YTD Order intake of Rs. 19,265 crore
▪ YTD Order Book of Rs. 36,725 crore; Additionally, L1 of ~ Rs. 4,500 crore
Consolidated Net Debt and Net Working Capital:
▪ Net Debt including Acceptances stands at Rs. 6,806 crore as on 31 Dec’25 vis-à-vis Rs. 5,574 crore as on 31 Dec’24
▪ Net Working Capital (NWC) stands at 135 days as on 31 Dec’25 vis-à-vis 129 days as on 31 Dec’24
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “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 associated with the completion of metro projects. Despite these challenges, our bottom line has seen healthy growth, with operating PBT and PAT rising by 37% and 32% respectively. During the quarter, we secured multiple strategic orders, strengthening our order book and L1 position to over Rs. 41,000 crore. With a strong focus on execution, expanding capacity, a robust order book and a substantial tender pipeline, particularly in T&D and Civil, we remain well positioned to drive sustained and profitable growth in the coming quarters.”
