The Audited Financial results for the quarter and year ended March 31, 2025, along with the Auditor Reports of the Statutory Auditors are enclosed.

Emphasis of matterProfit growth above 25%EBITDA margin expansionGoing-concern doubtResults View source PDF Explain this filing

KEC · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹867.90

prior close

₹890.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-1.0% vs market

Civil Construction peers, median of 85sector-0.1%-0.8% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.8 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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-4.3+1.3-5.6-0.1-4.2

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 85Pending

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AI summary

KEC International reported strong FY25 consolidated results with revenue from operations rising to Rs. 21,846.7 crores from Rs. 19,914.2 crores in FY24, a growth of about 9.7%. Profit after tax jumped 64.6% to Rs. 570.7 crores from Rs. 346.8 crores, while EPS nearly doubled to Rs. 21.80 from Rs. 13.49. Operating margin expanded to 6.88% from 6.10% a year ago. The board recommended a dividend of Rs. 5.50 per share (275% of face value) for FY25. The company also raised Rs. 870.16 crores via a QIP in September 2024 and transferred its cable business to wholly owned subsidiary KEC Asian Cables for Rs. 125 crores effective January 1, 2025. Statutory auditor Price Waterhouse issued an unmodified opinion but flagged an emphasis of matter regarding an ongoing government agency investigation into a Transmission Project.

Likely market impact

Robust earnings growth, margin expansion, and a healthy dividend are positives for shareholders. However, the government investigation flagged by the auditor as an emphasis of matter (involving a PSU official and a company employee, no chargesheet yet) is a key overhang to watch. The stock could see support from the strong earnings beat but may face some pressure on any adverse development in the investigation.