KEC International, an RPG Group company, has posted a 39 per cent rise in consolidated net profit at Rs 81 crore for the quarter-ended December 31 as against Rs 58 crore logged in the same period last year.
Profit for the quarter includes Rs 53 crore from sale of land at Vashi, near Mumbai. Net revenue for the quarter was 36 per cent higher at Rs 1,459 crore (Rs 1071 crore).
“Despite the global economic slowdown, our order inflow for the quarter is about Rs 2,500 crore, which is the highest-ever quarterly order intake for KEC. The current order book of Rs 9,200 crore provides good visibility over the coming quarters,” said Mr Ramesh Chandak, Managing Director and Chief Executive Officer, KEC.
On Tuesday, the company scrip on the BSE closed 4.09 per cent higher at Rs 53.40.