KEC International Bags New Orders Worth Rs 1,503 Crore, Net Earnings Falls 34% In June Quarter

INSUBCONTINENT EXCLUSIVE:
On Friday, shares of KEC International settled 0.42 per cent lower at Rs 427.40 crore apiece on the BSE.Share price of KEC International
in the country.The company also released its April-June quarter results for the financial year 2021-22 today, reporting a net profit of Rs
46.14 crore on a consolidated basis, compared to Rs 70.80 crore in the year-ago period
The company's revenue from operations in the first quarter of the current fiscal stood at Rs 2,540 crore, compared to Rs 2,206.76 crore in
the same quarter last year.The flagship company of the RPG Group reported a total income of Rs 2,541.71 crore in the June quarter, compared
to Rs 2,213.67 crore in the year-ago period.''The margins have been impacted by the adverse raw material prices and the continued
challenging environment in Brazil
With the new orders announced today, our order book along with current L1 pipeline stands at over Rs
Vimal Kejriwal, MD - CEO, KEC International.On Friday, shares of KEC International settled 0.42 per cent lower at Rs 427.40 crore apiece on
the BSE
KEC International opened on the BSE at Rs 434, inching to an intra day high of Rs 441, and an intra day low of Rs 425.10, throughout the
trading session today.