KEC International
KEC International Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Revenue growth expected between 12% to 15% for FY '27, based on order book and current trends. FY '26 saw record revenue growth of 8%, with operating PBT up 21% and operating PAT up 18%.
From KEC International's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Revenue growth expected between 12% to 15% for FY '27, based on order book and current trends.
- Civil business projected to grow over 30% in revenue, driven by improved labor availability and project ramp-ups starting Q2 FY '27.
- Order intake target for Civil segment is around INR8,000 crores, up from INR5,000 crores last year and INR2,500 crores two years ago.
- T&D segment has a strong pipeline with INR70,000 crores of orders expected in next three months, split equally between domestic and international markets.
- Large tender pipeline in the Middle East remains robust at INR35,000 crores, expected to grow due to essential transmission projects and lifting of sanctions on Iran.
- Overall order intake target for FY '27 is INR30,000 crores, up from INR25,000 crores in the previous year.
- Despite geopolitical challenges, business expects steady growth driven by focused, higher-quality EPC orders and improved execution efficiency.
Profitability & Margins
See what KEC International said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- For FY '27, KEC International has targeted a capex of approximately INR 400 crores (Page 18).
- The company plans to invest in mechanized infrastructure, such as underground projects using Tunnel Boring Machines (TBM), to reduce labor dependency (Page 25).
- Expansion into international markets, especially in oil & gas and waterfront civil projects, is part of strategic focus with presumably corresponding investments (Page 25).
- The Renewables business is pursuing selective opportunities, including wind energy, which may entail future investments (Page 8).
- The company is also advancing ESG initiatives, including solar footprint expansion across factories and net-zero strategy development, which may involve capital allocation (Page 8).
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
See what KEC International said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Closing order book as of May 2026: INR 36,267 crores.
- Order intake target for Civil business FY '27: Around INR 8,000 crores (up from INR 5,000 crores last year).
- Total order book plus L1 position: Over INR 40,000 crores, providing visibility for 6-7 quarters.
- Recent new orders: Over INR 1,000 crores announced across T&D, transportation, renewables, cables & conductors.
- L1 position: Over INR 3,000 crores.
- T&D order intake pipeline: Around INR 30,000 crores expected.
- No specific timeline yet for potential HVDC projects, though one advanced project (Barmer complex) is close to ordering.
- Civil order intake: Significant increase expected with focus on quality over growth.
- Wind segment: Repeat order from existing customer; focus on growth in this area.
KEC International — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹5.3K Cr, net profit ₹247 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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Frequently Asked Questions
What were KEC International Q4 FY26 results?
Revenue growth expected between 12% to 15% for FY '27, based on order book and current trends. FY '26 saw record revenue growth of 8%, with operating PBT up 21% and operating PAT up 18%.
What is KEC International share price analysis?
KEC International currently shows a below-average growth signal. 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?
For FY '27, KEC International has targeted a capex of approximately INR 400 crores (Page 18).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.