KEC KEC International Q3 FY26 results (Oct–Dec 2025) and concall
KEC delivered strong revenue growth led by a 31% surge in its core T&D business, which now accounts for 67% of total revenue. However, the company faced significant headwinds in its Civil and Water segments due to labor shortages and payment delays, leading to a downward revision in margin guidance. While the order book remains robust at over ₹41,000 crores, debt levels have spiked, though management expects normalization by year-end.
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What they filed
Q3 FY26: revenue up 12.2%, net profit down 2.3% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 5,349 | 6,872 | 5,023 | 6,092 | 6,001 +12% |
| EBITDA | 374 | 539 | 350 | 430 | 430 +15% |
| Net profit | 130 | 268 | 125 | 161 | 127 −2% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
