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KEC International Reports 11.3% Revenue Growth in Q1FY26, Targets ₹999
KEC International Reports 11.3% Revenue Growth in Q1FY26, Targets ₹999
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BTCCSquare news:
KEC International's Q1FY26 revenue ROSE to ₹5,022.88 crore, marking an 11.3% year-over-year increase. The Transmission & Distribution (T&D) segment dominated with 63% of total revenue, up from 55% in Q1FY25, driven by heightened tendering activity in domestic and international markets.
While SAE revenues grew modestly at 3.8%, hindered by currency fluctuations in Brazil, T&D and civil projects accounted for the bulk of ₹5,500 crore in new orders. The stock trades at 28.5x FY26e EPS, with ROE projected at 15.6% for FY26 and 17% for FY27.
Expansion into STATCOM, semiconductor plants, and renewable energy sectors poses risks, but international T&D growth and non-T&D diversification underpin the revised ₹999 target (26x FY27e earnings).
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