Share worth of KEC International edges marginally decrease on Friday, July 30, even because the infrastructure main introduced that it secured new orders price Rs 1,503 crore throughout varied companies. The railways enterprise received orders price Rs 321 crore within the typical and rising segments, which contains an overhead electrification (OHE) order and related works for a semi high-speed rail and port connectivity. The civil enterprise bagged orders price Rs 176 crore for infrastructure works in metals and mining, knowledge centre, in addition to the FMCG segments within the nation.
The firm additionally launched its April-June quarter outcomes for the monetary 12 months 2021-22 immediately, reporting a internet revenue of Rs 46.14 crore on a consolidated foundation, in comparison with Rs 70.80 crore within the year-ago interval. The firm’s income from operations within the first quarter of the present fiscal stood at Rs 2,540 crore, in comparison with Rs 2,206.76 crore in the identical quarter final 12 months.
The flagship firm of the RPG Group reported a complete revenue of Rs 2,541.71 crore within the June quarter, in comparison with Rs 2,213.67 crore within the year-ago interval.
”The margins have been impacted by the antagonistic uncooked materials costs and the continued difficult setting in Brazil. With the brand new orders introduced immediately, our order ebook together with present L1 pipeline stands at over Rs. 26,000 crore,” mentioned Mr. Vimal Kejriwal, MD & CEO, KEC International.
On Friday, shares of KEC International settled 0.42 per cent decrease at Rs 427.40 crore apiece on the BSE. KEC International opened on the BSE at Rs 434, inching to an intra day excessive of Rs 441, and an intra day low of Rs 425.10, all through the buying and selling session immediately.