K E C International Reports Strong Q3 Results with Improved Profitability and Liquidity Metrics
K E C International reported strong financial results for the quarter ending December 2024, with significant growth in Profit Before Tax and Profit After Tax. The company achieved its highest operating profit margin in five quarters and improved liquidity, evidenced by increased cash reserves and a favorable debt-equity ratio.
K E C International, a prominent player in the transmission towers industry, recently announced its financial results for the quarter ending December 2024. The company reported a notable performance in its Profit Before Tax (PBT), which reached Rs 158.92 crore, reflecting a year-on-year growth of 67.74%. This positive trend in PBT indicates a robust operational capacity.Additionally, K E C International achieved its highest operating profit margin in the last five quarters at 7.00%, suggesting enhanced efficiency in its operations. The Profit After Tax (PAT) also showed a significant increase, amounting to Rs 129.56 crore, which is a 33.7% rise compared to the previous year.
On the liquidity front, the company reported its highest cash and cash equivalents at Rs 516.53 crore over the last six half-yearly periods, indicating an improvement in short-term liquidity. Furthermore, the debt-equity ratio has reached its lowest point at 0.85 times in the last five half-yearly periods, showcasing a reduction in borrowing relative to equity capital. The debtors turnover ratio also peaked at 5.14 times, highlighting the company's efficiency in settling its receivables.
Overall, K E C International has experienced evaluation changes in its financial metrics, reflecting a dynamic operational landscape.
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