KEC International Q4 Profit Falls 29% YoY, Dividend Declared

📰 Key Highlights Net Profit: ₹1.93B vs ₹2.7B YoY → -29% decline Revenue: ₹63.9B vs ₹68.72B YoY → -7% decline EBITDA: ₹4.5B vs ₹5.4B YoY → -17% decline EBITDA Margin: 7.03% vs 7.84% YoY → margin contraction of ~81 bps Dividend: Recommended final dividend of ₹5.50 per equity share 🔎 Fundamentals Profit decline due to lower execution in transmission & distribution projects. Revenue contraction reflects slower order conversion and project delays. Margins under pressure from higher input costs and competitive bidding. 🏗️ Business Focus Expanding presence in railways, civil infrastructure, and cables. Strengthening global footprint in power transmission EPC projects. Focus on order book diversification and operational efficiency. ⚠️ Risks Project delays and execution challenges in international markets. Commodity price volatility impacting margins. Dependence on government infrastructure spending cycles. 📈 Outlook Strong order book provides medium-term visibility. Margin recovery will be critical for profitability. KEC International remains a key infrastructure EPC player with diversified global operations.