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Q3 FY26Construction

KEC International Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹436
Market cap₹11.7K Cr
P/E19.5
Updated23 Aug 2026
Read4 min read

KEC International Q3 FY26 key numbers

Revenue
Transmission segment expected to maintain a success ratio of 10%-15% on order pipelines, targeting around INR 30,000-35,000 crores in order intake next year.

As stated in KEC International's Q3 FY26 earnings call transcript · published 4 Aug 2026. Reported figures, not investment advice.

The short version

Strong order book and L1 position of over INR 41,000 crores with a tender pipeline exceeding INR 180,000 crores, particularly in T&D and Civil sectors, indicating sustained growth potential. EBITDA margins for FY '26 expected between 7% to 7.5%, with some uncertainty about hitting the upper end.

From KEC International's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Strong order book and L1 position of over INR 41,000 crores with a tender pipeline exceeding INR 180,000 crores, particularly in T&D and Civil sectors, indicating sustained growth potential.
  • India business has shown consistent growth in revenues, expected to continue expanding.
  • Civil segment order intake this year is 100% buildings and factories with higher ticket size orders, supporting higher realizations.
  • Transmission segment expected to maintain a success ratio of 10%-15% on order pipelines, targeting around INR 30,000-35,000 crores in order intake next year.
  • Renewable business expanding with new wind project orders and progressing solar projects, aiming for more solar, wind, and BESS orders in Q4.
  • International expansion, especially in Middle East and MENA regions, is progressing with bidding for larger projects in Saudi and UAE.

2 more points from KEC International's call on revenue

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Profitability & Margins

See what KEC International said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The transcript on page 14 mentions that the company has commissioned almost 850-950 MW of solar capacity over two large plants in India, signaling investment in renewable energy capacity.
  • On page 6, it is noted that the Oil & Gas pipeline business secured its third international order for a pipeline laying project in the Middle East and the business is focusing on expanding its global footprint.
  • The company highlights expanded capacity and a robust order book, implying ongoing capital investments to support growth.

Top-ranked in Construction

Ranked on what management guided this quarter

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1Dilip Buildcon Ltd
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2Solarworld Ene.
Rev 1Mar 3
3
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4
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5
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what KEC International said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book and L1 position is over INR 41,000 crores.
  • Tender pipeline stands at over INR 180,000 crores, mostly in T&D and Civil segments.
  • Breakdown of INR 180,000 crore tender pipeline:
  • Transmission (India + International): ~INR 50,000 crores
  • Middle East (Transmission): ~INR 15,000 crores
  • Civil (including INR 20,000 crore international portion): ~INR 60,000 crores
  • Renewables: ~INR 30,000 crores
  • Order intake target for next year is around INR 30,000 to 35,000 crores.
  • L1 orders for the year already at INR 19,000 crores, with nearly INR 5,000 crores more in L1.

2 more points from KEC International's call on order book

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KEC International — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹5.0K Cr, net profit ₹73 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What KEC International Ltd's management said in earlier quarters

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  • Deepak Builders & Engineers India Ltd (Q3 FY26)

    The provided pages of the document do not contain any revenue, sales, or volume figures for the quarter, nor do they provide any year-on-year change…

  • GK Energy Ltd (Q3 FY26)

    Q3 FY26 Revenue from Operations (Standalone): ₹460.20 Crores, up 43.64% YoY from ₹320.38 Crores in Q3 FY25 (Page 21). Key investor presentation takeaways from G

  • MBL Infrastructure Ltd (Q3 FY26)

    MBL is pre-qualified for the ‘User Fee Collection’ tender of NHAI with a net worth of ₹1,244 crores (FY24). Key investor presentation takeaways from MBL Infrast

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Frequently Asked Questions

What were KEC International Q3 FY26 results?

Strong order book and L1 position of over INR 41,000 crores with a tender pipeline exceeding INR 180,000 crores, particularly in T&D and Civil sectors, indicating sustained growth potential. EBITDA margins for FY '26 expected between 7% to 7.5%, with some uncertainty about hitting the upper end.

What is KEC International share price analysis?

KEC International currently shows a neutral. The stock trades at a P/E of 19.5 with a market cap of ₹11,710 Cr. Investors should review the full earnings analysis for detailed insights.

Is KEC International planning capital expenditure?

The transcript on page 14 mentions that the company has commissioned almost 850-950 MW of solar capacity over two large plants in India, signaling investment in renewable energy capacity.

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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.