KEC International Q2 FY25 results (Jul–Sep 2024) and concall

KEC International delivered a strong Q2 FY25 performance characterized by robust revenue growth in its core T&D business and a significant strengthening of its balance sheet via a ₹870 crore QIP. While margins saw modest expansion, execution was slightly hampered by labor shortages and heavy rains in key regions. Management is pivotally focused on debt reduction, aiming to bring net debt down to ₹4,000-4,500 crores by year-end while maintaining a 15% revenue growth target.