Shares of KEC International gained as much as 14% on Thursday, marking their biggest single-day gain since June 2015 after the company won orders for various businesses.
The company, on Wednesday, secured new orders worth ₹816 crore across businesses.
KEC International’s Civil business won orders for setting up infrastructure projects like a steel plant, a cement plant and a plant for Carbon Derivatives in India.
The Transmission & Distribution business also won orders for the supply of towers in the US.
Additionally, the cables business had secured orders for supply of various types of cables in India and overseas.
These order wins took the company’s total order intake for financial year 2024 to ₹18,102 crore. However, the full year figure fell short of the company’s guidance of ₹20,000 crore.
The guidance was given by the company’s MD & CEO Vimal Kejriwal, who spoke to us on February 28. He also guided for an order inflow of ₹23,000 crore in financial year 2025, assuming a growth of 15%.
Kejriwal also mentioned that the company is likely to end the year with an EBITDA margin of 6.5%.
Shares of KEC International are trading 13% higher at ₹823.50. The stock has risen 80% over the last 12 months. The last instance of the stock gaining over 13% in a single day was back in June 2015, when it gained 17%.
