KEC International
KEC International Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #24 of 55 in Construction
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What the Q4 FY26 call signalled
2 of 4 strong
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.
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
- 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).
2 more points from KEC International'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
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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.
2 more points from KEC International's call on order book
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KEC International — Quarterly revenue & net profit
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's management said in earlier quarters
Others in Construction this season
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Current order book as of March 2026: INR 1,600 crores, equivalent to 4.46x FY26 revenue. Key concall takeaways from Brahmaputra Infrastructure Ltd's Q4 FY26…
- Current Infra. (Q4 FY26)
Healthy order pipeline of INR 320 crores with a shift back toward Electrical Infrastructure and Utilities sector commanding 54% share. Key concall takeaways…
- K2 Infragen (Q4 FY26)
500 crore worth of bids are currently pending results, with Rs. Key concall takeaways from K2 Infragen Ltd's Q4 FY26 earnings call — and how it ranks against…
- RPP Infra Proj. (Q4 FY26)
Revenue for FY 25-26 (Current Year) was ₹1478.77 crores, up 3.30% from ₹1431.55 crores in FY 24-25. Key investor presentation takeaways from RPP Infra Projects
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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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 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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.