KEC International's first‑quarter net profit plunged 41.7% to ₹72.6 crore, and the stock fell 3.45% to ₹350 on the NSE.
Revenue held at ₹5,024 crore, a marginal 0.3% increase YoY, while EBITDA slid 16.9% to ₹290.8 crore and margin contracted from 7% to 6%.
New orders this year total over ₹8,600 crore, topping the previous ₹1,303 crore win. The Transmission & Distribution arm secured a 400 kV line in Bhutan, a 380 kV line in Saudi Arabia, and tower supplies for the Americas. The Renewables unit added a 300+ MW wind project in southern India, and the Cables & Conductors segment captured domestic and overseas orders.
Vimal Kejriwal, MD & CEO, said the company was pleased with the order wins and highlighted the T&D business's strengthened book and Renewables' momentum in wind EPC.
Analysts will look to FY27 guidance, expected around early November, and monitor whether the margin squeeze continues. Market watchers anticipate a cautious approach as the company seeks to balance order growth with profitability.