KEC International Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹5,024Cr
- 0% YoY
- −21.4% QoQ
- Net profit
- ₹73Cr
- −41.6% YoY
- −62.2% QoQ
- Margin
- 6%
- −1 pp YoY
- −1 pp QoQ
Guidance rank: #33 of 60 in Construction
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KEC International Ltd Q1 FY27 key numbers
- Revenue
- With current cable capacity, revenue could reach approximately INR 3,000 crores without additional major capex.
As stated in KEC International Ltd's Q1 FY27 earnings call transcript · published 24 Sept 2026. Reported figures, not investment advice.
The short version
KEC International targets a revenue growth of around 12% to 15% for FY27, contingent on external factors like the Middle East conflict. Margin improvement expected from Q3 FY27 onwards, especially if Middle East conflict ends in Q2.
From KEC International Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- KEC International targets a revenue growth of around 12% to 15% for FY27, contingent on external factors like the Middle East conflict.
- Cable segment revenue potential from new specialized products is expected to add INR 300-400 crores, contributing to overall growth.
- With current cable capacity, revenue could reach approximately INR 3,000 crores without additional major capex.
- Order inflows: Out of INR 30,000 crores guidance, 60-70% is expected from T&D segment, with international orders of INR 9,000-10,000 crores (significant share from West Asia).
- Growth headwinds due to Middle East conflict and labor challenges are anticipated to ease by Q3-Q4 FY27.
2 more points from KEC International Ltd's call on revenue
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Profitability & Margins
Margin improvement expected from Q3 FY27 onwards, especially if Middle East conflict ends in Q2.
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Capital Expenditure Plans
- KEC International typically spends around INR 75-100 crores annually on cable business capex.
- Recent spending on cables over the last 3 years totaled around INR 300 crores, mainly for capacity additions and specialized products like HTLS.
- Larger capex is planned only upon stabilization of demand, especially if expanding into EHV cables, potentially next year or later.
- Some capacity addition on aluminum conductor and specialized HTLS cables is planned in the near term.
2 more points from KEC International Ltd's call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
The management discusses debt reduction plans, targeting a reduction of around INR1,200 crores during the…
Locked: what KEC International Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- Current order book: Approximately INR40,000 crores.
- Adani Group exposure: Around 5% or less of the order book (~INR2,000 crores), spread across T&D, railways, and civil.
- Railway and water projects: Slow-moving projects mostly at 95-97% completion; railway projects expected to complete within 6 months; water projects (mainly in MP and Odisha) expected to complete mostly within this year.
- Jal Jeevan Mission order book: Around INR1,300 crores pending.
- Middle East order book: Roughly 25% (~INR10,000 crores), divided equally between Saudi Arabia and UAE (~INR5,000 crores each).
2 more points from KEC International Ltd's call on order book
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What the Q1 FY27 call signalled
2 of 4 strong
KEC International Ltd — Quarterly revenue & net profit
KEC International Ltd Q1 FY27 results — key figures
| ₹ Cr | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 5,024 | 5,023 | 0% | 6,390 | -21.4% |
| Operating profit (EBITDA) | 291 | 350 | -16.9% | 448 | -35% |
| Operating margin | 6% | 7% | -1 pp | 7% | -1 pp |
| Profit before tax | 90 | 159 | -43.4% | 258 | -65.1% |
| Net profit (PAT) | 73 | 125 | -41.6% | 193 | -62.2% |
| EPS (₹) | 2.73 | 4.68 | -41.7% | 7.24 | -62.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹5.5K Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What KEC International's management said in earlier quarters
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Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were KEC International Ltd Q1 FY27 results?
KEC International targets a revenue growth of around 12% to 15% for FY27, contingent on external factors like the Middle East conflict. Margin improvement expected from Q3 FY27 onwards, especially if Middle East conflict ends in Q2.
What is KEC International Ltd share price analysis?
KEC International Ltd currently shows a below-average growth signal. The stock trades at a P/E of 17.9 with a market cap of ₹10,761 Cr. Investors should review the full earnings analysis for detailed insights.
Is KEC International Ltd planning capital expenditure?
KEC International typically spends around INR 75-100 crores annually on cable business capex.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.