Consolidated Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹5,467.71 crore (compared to ₹6,091.56 crore in Q2 FY26, down 10.2%)
  • Other income: ₹13.27 crore
  • Total income: ₹5,480.98 crore
  • Profit before exceptional items and tax: ₹40.88 crore (compared to ₹212.98 crore in Q2 FY26)
  • Exceptional items: None
  • Tax expense: ₹11.14 crore (comprising current tax credit of ₹34.19 crore and deferred tax expense of ₹45.33 crore)
  • Profit for the period: ₹29.74 crore (compared to ₹160.75 crore in Q2 FY26, down 81.5%)
  • Earnings per share (EPS): ₹1.12 (not annualized)

Consolidated Financial Performance (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹10,491.25 crore (compared to ₹11,114.44 crore in H1 FY26)
  • Other income: ₹27.21 crore
  • Total income: ₹10,518.46 crore
  • Profit before exceptional items and tax: ₹130.78 crore (compared to ₹371.48 crore in H1 FY26)
  • Tax expense: ₹28.41 crore
  • Profit for the period: ₹102.37 crore (compared to ₹285.34 crore in H1 FY26)
  • Earnings per share (EPS): ₹3.85 (not annualized)

Consolidated Balance Sheet (As of September 30, 2026)

  • Total assets: ₹24,818.26 crore (compared to ₹25,158.06 crore as of March 31, 2026)
  • Current assets: ₹21,822.60 crore (including inventories ₹1,693.23 crore, trade receivables ₹5,609.55 crore, cash & cash equivalents ₹315.47 crore)
  • Non-current assets: ₹2,995.66 crore
  • Total equity: ₹6,091.35 crore (including paid-up equity share capital ₹53.24 crore)
  • Current liabilities: ₹17,687.49 crore (including borrowings ₹5,350.65 crore, trade payables ₹7,570.74 crore)
  • Non-current liabilities: ₹1,039.42 crore

Consolidated Cash Flows (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(400.37) crore
  • Net cash used in investing activities: ₹(91.73) crore
  • Net cash generated from financing activities: ₹398.49 crore
  • Net decrease in cash and cash equivalents: ₹(93.61) crore
  • Cash and cash equivalents at period end: ₹315.47 crore

Segment-wise Performance (Q2 FY27)

The company operates in two reportable segments:

1. Engineering, Procurement & Construction (EPC): Revenue ₹4,941.44 crore, segment results ₹237.64 crore

2. Others (mainly cables): Revenue ₹613.30 crore, segment results ₹33.64 crore

Standalone Financial Performance

  • Q2 FY27 revenue: ₹4,160.45 crore
  • Q2 FY27 profit after tax: ₹80.41 crore
  • H1 FY27 revenue: ₹8,058.80 crore
  • H1 FY27 profit after tax: ₹80.93 crore
  • Standalone EPS for Q2 FY27: ₹3.02

Key Ratios (Consolidated)

  • Debt Equity Ratio: 1.04 (as of September 30, 2026)
  • Interest Service Coverage Ratio: 1.44 (for Q2 FY27)
  • Current Ratio: 1.23
  • Operating Margin: 4.96%
  • Net Profit Margin: 0.54%

Legal Matter

Note 6 to the financial results discloses an investigation by a government agency in connection with a transmission project. A chargesheet has been filed and the court has taken cognizance. The matter is sub-judice, and the possible financial impact is currently not determinable. The company states it upholds high standards of corporate governance and believes the case will not have material impact on operations.

Entities Included in Consolidation

The consolidation includes:

  • 39 branches across international locations
  • 34 jointly controlled operations
  • 16 subsidiaries including KEC Power India Private Limited, SAE Towers Holdings LLC, and KEC Asian Cables Limited

Auditor Review

Price Waterhouse Chartered Accountants LLP conducted a limited review of the financial results and issued an unmodified conclusion. The review report notes that the financial results have been prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting).

Additional Information

The company has unsecured Commercial Papers listed on BSE Limited. The financial results will be available on the company's website (www.kecrpg.com) and stock exchange portals.