KEC International gains despite reporting 36% fall in Q4 consolidated net profit
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KEC International is currently trading at Rs. 514.60, up by 0.65 points or 0.13% from its previous closing of Rs. 513.95 on the BSE.
The scrip opened at Rs. 513.75 and has touched a high and low of Rs. 521.00 and Rs. 502.85 respectively. So far 21828 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 525.05 on 10-Jan-2023 and a 52 week low of Rs. 345.15 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 521.00 and Rs. 461.45 respectively. The current market cap of the company is Rs. 13222.05 crore.
The promoters holding in the company stood at 51.88%, while Institutions and Non-Institutions held 38.40% and 9.72% respectively.
KEC International has reported results for fourth quarter (Q4) and year ended March 31, 2023.
KEC International has reported 35.93% fall in its net profit at Rs 29.40 crore for the quarter under review as compared to Rs 45.89 crore for the same quarter in the previous year. However, total income of the company increased by 27.98% at Rs 4,969.67 crore for Q4FY23 as compared to Rs 3,883.29 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 35.59% fall in its net profit at Rs 72.17 crore for fourth quarter ended March 31, 2023 as compared to Rs 112.04 crore for the same quarter in the previous year. However, total income of the company increased by 29.27% at Rs 5,530.53 crore for Q4FY23 as compared to Rs 4,278.17 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 58.51% fall in its net profit at Rs 180.25 crore as compared to Rs 434.44 crore for the previous year. However, total income of the company increased by 22.69% at Rs 15,449.94 crore for year under review as compared to Rs 12,592.27 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 46.99% fall in its net profit at Rs 176.03 crore as compared to Rs 332.08 crore for the previous year. However, total income of the company increased by 25.86% at Rs 17,313.03 crore for year under review as compared to Rs 13,755.69 crore for year ended March 31, 2022.
