The Audited Financial Results for the quarter and year ended March 31, 2026, along with the Auditor Reports of the Statutory Auditors are enclosed.
KEC · price
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KEC International reported consolidated revenue of Rs. 23,505.54 crore for FY2026, up 7.6% from Rs. 21,846.70 crore in FY2025. Net profit after tax grew to Rs. 605.59 crore from Rs. 570.74 crore, a rise of about 6.1%. EBITDA margin improved marginally from 6.88% to 7.06%. The board recommended a dividend of Rs. 5.50 per share (275% of face value). Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified opinion, meaning no qualifications or concerns over the financial statements. An exceptional charge of Rs. 58.78 crore was recorded due to new labour codes effective November 2025. The auditors drew an emphasis of matter to an ongoing government agency investigation related to a transmission project, where charges have been filed and the court has taken cognizance, though the impact remains undeterminable.
Unmodified auditor opinion and revenue/profit growth are positive signs for shareholders. However, the government investigation flagged by auditors as an emphasis of matter introduces regulatory risk that investors should monitor closely.