May 08, 2013

KEC International Ltd. (KEC) announced its audited results for the financial year 2012-13 (FY13) and unaudited results for the fourth quarter (Q4) ended March 31, 2013.

Consolidated Financial Performance

For the FY13, net sales stands at Rs. 6,979 crore as against Rs. 5,815 crore in the previous year, registering a growth of 20% Y-o-Y. Net profit stands at Rs. 65 crore as against Rs. 166 crore (excluding Rs. 43 crore gain from land sale) in the previous year.

For the Q4 FY13, net sales stands at Rs. 2,150 crore as against Rs. 2,069 crore in the corresponding quarter previous year, registering a growth of 3.9% Y-o-Y. Net loss for the quarter is Rs. 14 crore as against net profit of Rs. 74 crore in the previous year.

The Company’s Order Book is robust and stands at Rs. 9,470 crore.

The Board has recommended dividend of Rs. 0.50 per share (25% of face value) as against Rs. 1.20 per share (60% of face value) in the previous year.

Mr. Ramesh Chandak, MD & CEO of the Company commented, “For the FY13, our top-line growth was strong however our profits were impacted due to current challenging economic environment and our entry into new businesses.”