KEC International shares rallied up to 6% on Tuesday to the day's high of ₹429.60 on NSE following the announcement of new orders worth ₹1,303 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses. The RPG Group-owned company announced these orders for T&D projects across India, the Middle East and the Americas. The stock opened at an intraday high of ₹428.90 per share on the BSE and touched an intraday low of ₹405.70 per share, reflecting strong investor confidence in the order wins. The company's Cables & Conductors business has also secured various orders in India and overseas markets, contributing to the positive market sentiment.
KEC International has secured new orders worth ₹1,303 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses, according to an exchange filing issued on Monday, September 14. The RPG Group-owned company announced these orders for T&D projects across India, the Middle East and the Americas. The order scope includes a 400 kV transmission line in Northern India, 380 kV transmission lines in Saudi Arabia, along with the supply of towers, hardware and poles in the Americas. Additionally, the company's Cables & Conductors business has secured various orders in India and overseas markets. In August, the company had also announced receiving new orders worth ₹1,063 crore across its four market segments, including a significant order for a high-rise residential project involving 24 lakh sq. ft. of residential buildings.
With these latest orders, KEC International's year-to-date order intake stands at over ₹7,600 crore, as reported by the company. MD & CEO Vimal Kejriwal expressed satisfaction with the new order wins, stating that the India T&D business secured a prestigious order from an existing private client for a transmission line project to evacuate power from a hydroelectric plant in Northern India. The company emphasized that these orders will play a key role in driving targeted growth going forward. Kejriwal highlighted that the new order wins came despite a challenging environment, with the company's strong pipeline and demand across key markets, particularly for its T&D business. The International T&D business has further strengthened its presence in the Middle East with multiple order wins in Saudi Arabia.
Despite the strong order wins, KEC International's financial performance showed challenges in the latest quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell by 16.9% to ₹290.8 crore compared to ₹350.1 crore in the same quarter last year. The EBITDA margin decreased to 6% from 7% in the previous year. The company's stock performance has also been affected, with shares declining 1.71% on the last trading day of the previous week and suffering a 24% decline over the past 6 months. In the latest quarter, consolidated net profit fell 42% to ₹73 crore from ₹125 crore in Q1 FY26, while revenue remained flat at ₹5,024 crore.
Technical analysts note that KEC International's stock opened gap-up but follow-up buying was not visible. The ₹400 level, around last week's low, remains a key support for the stock. According to Rajesh Bhosale, Technical Analyst at My Advisor Alpha, the stock is struggling to cross its 50-day EMA, and a sustained move above ₹450 would be crucial for the stock to regain positive momentum. The current stock price sits at ₹429.60, which is 56% below the stock's 52-week high of ₹937.8 per share, as reported by CNBC TV18, reflecting broader market challenges facing the infrastructure and engineering company despite its continued order acquisition capabilities across global markets. The outlook for the T&D business remains robust driven by these orders, a strong L1 position, a large pipeline of opportunities and sustained demand across key markets.
