KEC International Ltd. · NSE:KEC
KEC International — Q4 FY26 Earnings Presentation
28 slides from KEC International's earnings presentation, May 16, 2026
Slide 1: KEC International Limited Investor Presentation – Q4 FY26
KEC International Limited Investor Presentation – Q4 FY26 16 May 2026 Power T & D Civil Transportation Oil & Gas Pipelines Renewables Cables & Conductors
Slide 2: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 3: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International 765/400 kV GIS at Maheshwaram, Telangana 3
Slide 4: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 5: KEC International: A Legacy of Decades, A Promise of Happiness
KEC International : A Legacy of 8 Decades, A Promise of Happiness 250+ FOOTPRINT IN Revenue FY26 8 23,506 Cr 110+ COUNTRIES ONGOING PROJECTS Manufacturing Facilities 85 8000+ 40+ Order Book & L1 HAPPINESS SCORE EMPLOYEES NATIONALITIES 40,000 Cr+ Transmission Cables & Civil Transportation Renewables
Slide 6: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission Lines Factories Logistics Metros – Civil Metros - Tech TCAS - Kavach Wind EPC Substations Residential Buildings Airports OHE S&T Speed Upgradation Semiconductor HVDC Commercial Buildings Hospitals Ballastless Tracks Stations & Platforms Automatic Signallin
Slide 7: Purpose Statement and Culture Pillars
Purpose Statement and Culture Pillars “WE TRANSFORM LIVES BY BUILDING SUSTAINABLE WORLD CLASS INFRASTRUCTURE” Execution Excellence Customer Centricity Technology & Engineering Mindset Happiness Inclusive - Empowerment Diverse & & Trust Global Mindset 7
Slide 8: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal Arvind Singh Harsh Vardhan Shringla M.S. Unnikrishnan Neera Saggi Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent
Slide 9: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Aggarwal Somraj Roy Anand Kulkarni Ganesh Srinivasan Raman Kapil Manish Srivastava Chief Financial Officer Chief Human Executive Director - President - President – Managing Director, Resources Officer Business Operations & T&D Civil KEC A
Slide 10: Key Performance Highlights
2 Key Performance Highlights High Rise Residential Building, Mumbai, Maharashtra 10
Slide 11: Key Performance Highlights – Consolidated Q4 & Full year FY26
Key Performance Highlights – Consolidated Q4 & Full year FY26 Consolidated Highlights for FY26 v/s FY25 Consolidated Highlights for Q4 FY26 v/s Q4 FY25 ▪ Record Revenues of Rs. 23,506 Cr - Growth of 8% ▪ Revenue of Rs. 6,390 Cr against Rs. 6,872 Cr ▪ EBITDA Margin at 7.1% against 6.9% ▪ EBITDA Margi
Slide 12: Key Business Highlights – FY26
Key Business Highlights – FY26 T&D Civil Transportation • Revenues of Rs. 15,883 Cr, growth of 24% • Revenues of Rs. 3,823 Cr • Revenues of Rs. 1,555 Cr; focus on expediting • Bheden water project supplying to over completion of existing projects • Order intake of ~Rs. 17,700 Cr across India, Middle
Slide 13: Management Commentary
Management Commentary We achieved our highest-ever Revenues, Profitability and Order Intake during the year, despite a challenging operating environment especially in Q4. The record performance was driven by robust execution in our T&D business, with its contribution to revenues increasing significa
Slide 14: Sustained Profitable Growth – Last 3 Years
Sustained Profitable Growth – Last 3 Years Revenue (₹ Crore) EBITDA (₹ Crore) and EBITDA Margin (%) 23,506 EBITDA Margins Improved by 230 bps 21,847 19,914 17,282 6.9% 7.1% 6.1% 4.8% 1,504 1,659 1,215 830 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Operating* PBT (₹ Crore) and PBT Margin (%) Operating*
Slide 15: Key Strategic Moves – Last 3 Years
Key Strategic Moves – Last 3 Years Grow T&D business - T&D Revenue share increased to 68% in FY26 from 50% in FY23; Order book & L1 doubles to Leverage market tailwinds Rs. 25,000 Cr in last three years International expansion of Secured 4 International orders in Transportation & Oil & Gas businesse
Slide 16: Financial Performance
3 Financial Performance Aluminium Conductor Plant, Vadodara, Gujarat 16
Slide 17: Profit and Loss Summary - Consolidated
Profit and Loss Summary - Consolidated Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) Revenues 6,390 6,872 -7% 23,506 21,847 8% EBITDA 448 539 -17% 1,659 1,504 10% EBITDA Margins 7.0% 7.8% 7.1% 6.9% (+) Other Income 30 20 50 47 (-) Depreciation 51 47 197 184 (-) Intere
Slide 18: Profit and Loss Summary - Standalone
Profit and Loss Summary - Standalone Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) Revenues 5,260 6,048 -13% 19,047 19,178 -1% EBITDA 273 352 -22% 1,054 1,037 2% EBITDA Margins 5.2% 5.8% 5.5% 5.4% (+) Other Income 34 28 64 84 (-) Depreciation 36 34 140 146 (-) Interes
Slide 19: Businesswise Revenue Performance - Consolidated
Businesswise Revenue Performance - Consolidated Growth Growth (₹ crore) Particulars Q4 FY26 Q4 FY25 FY26 FY25 (Y-o-Y) (Y-o-Y) T&D: 4,485 4,328 4% 15,883 12,833 24% - T&D (KEC) 3,999 3,975 1% 14,082 11,508 22% - SAE Towers 487 353 38% 1,800 1,325 36% Non T&D: 2,192 2,877 -24% 8,369 9,616 -13% - Civil
Slide 20: Borrowings & Working Capital - Consolidated
Borrowings & Working Capital - Consolidated (₹ crore) Increase/ Increase/ Particulars 31-Mar-26 31-Dec-25 31-Mar-25 (Decrease) (Decrease) I) Net Debt 4,601 4,865 -264 3,051 1,550 II) Interest Bearing Acceptances 2,121 1,941 179 1,507 613 Total (I + II) 6,722 6,806 -84 4,558 2,164 ▪ Net debt includin
Slide 21: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – FY26 Order Book – 31 Mar’26 T&D : 62% SAE : 8% T&D: 56% SAE : 7% 7% 1% 1% 2% 2% 7% 20% Order Intake Order Book Rs 25,280 Cr. 27% Rs 36,267 Cr. 63% 70% Domestic : 46% International : 54% Domestic : 52% International : 48% Cables & T&D Civil Tran
Slide 22: Business Outlook
Business Outlook TAILWINDS HEADWINDS ▪ Sustained Govt. focus on infrastructure with capex outlay increased to ▪ Geopolitical unrests in the Middle East ₹12.2 lakh Cr. (up 9% YoY); overall infrastructure-led spending including grants and PSU investments, is estimated at over ₹17 lakh Cr. o Supply cha
Slide 23: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) 500 MW Solar Project at Bhadla, Rajasthan
Slide 24: Key Highlights – ESG & Sustainability
Key Highlights – ESG & Sustainability Significant improvement across all nine Sustainability goals resulting in ESG Rating improvement Expanded deployment of ESG initiatives across project sites in addition to factories Investment in Solar Rooftop plants – Increased solar footprint across our
Slide 25: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 26: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • KECARES 2.0 expanded its footprint, health melas, fitness initiatives, yoga, and expert-led sessions • Recovery of Zinc from Ash & Dross Happiness • Dedicated programmes being developed on Circularity • Construction of artificial reefs using st
Slide 27: Key Awards & Recognition
Key Awards & Recognition KEC Achieved 19th rank at BW India’s Most Sustainable Earned global recognition by winning the Sword of Honour Achieved Distinction and 20 awards in ISA Companies from British Safety Council for our KEC Civil project 2026 Awards from British Safety Council Won Water Sustaina
Slide 28: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: A logo of a camera Description automatically generated Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: [email protected] www.kecrpg.com