KEC International Limited — Important, 12-11-2024: Updates

KEC International Limited resubmitted its unaudited financial results for the quarter and half-year ending September 30, 2024, with no changes noted from the previous filing. The company reported strong revenue growth, with revenue from operations increasing to ₹5,113.31 crore for the quarter, up from ₹4,499.03 crore during the same period last year. Profit before tax rose to ₹113.47 crore, while net profit stood at ₹85.41 crore.

The company's total assets increased to ₹19,659.62 crore, while total equity grew to ₹5,056.20 crore. KEC raised ₹870.16 crore through a Qualified Institutions Placement (QIP) to support its growth initiatives. However, the ongoing geopolitical challenges in Afghanistan led to a net exposure of ₹191 crore for the company's transmission line projects, which remain on hold due to a Force Majeure event. The outlook for KEC is cautiously optimistic, especially with new capital and continued project momentum, but investors should monitor developments in Afghanistan closely.