KEC International Q2 FY27 consolidated revenue Rs 5,467.71 cr

What the numbers show

• Net margin was 0.54% of revenue, down 209 bps from 2.64%.
• Total expenses fell 7.5% while revenue fell 10.2%.

• Basis: Consolidated statement of unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27), with comparison to quarter ended September 30, 2025.

• Revenue from operations: Rs 5,467.71 cr (Q2 FY27) vs Rs 6,091.56 cr (Q2 FY26), as per line 1 "Revenue from operations" in the statement of consolidated unaudited financial results.

• Total income: Rs 5,480.98 cr vs Rs 6,096.19 cr, from line 3 "Total Income (1+2)".

• Total expenses: Rs 5,440.10 cr vs Rs 5,883.21 cr, from "Total expenses" under line 4 "Expenses".

• Cost of materials consumed: Rs 2,400.28 cr vs Rs 3,111.22 cr, from line 4(i) "Cost of materials consumed".

• Changes in inventories of finished goods, work-in-progress: Rs 152.18 cr vs Rs (74.43) cr, from line 4(ii) "Changes in inventories of finished goods, work-in-progress".

• Erection and sub-contracting expenses: Rs 1,749.34 cr vs Rs 1,719.86 cr, from line 4(iii) "Erection and sub-contracting expenses".

• Employee benefits expense: Rs 456.22 cr vs Rs 425.83 cr, from line 4(iv) "Employee benefits expense".

• Finance costs: Rs 190.66 cr vs Rs 171.49 cr, from line 4(v) "Finance costs".

• Depreciation and amortisation expense: Rs 53.01 cr vs Rs 50.57 cr, from line 4(vi) "Depreciation and amortisation expense".

• Other expenses: Rs 438.41 cr vs Rs 478.67 cr, from line 4(vii) "Other expenses".

• Profit before exceptional items and tax: Rs 40.88 cr vs Rs 212.98 cr, from line 5 "Profit before exceptional items and tax (3-4)".

• Profit after exceptional items and before tax: Rs 40.88 cr vs Rs 212.98 cr, from line 7 "Profit after exceptional items and before tax (5-6)" (no exceptional items reported for either quarter).

• Total tax expense: Rs 11.14 cr vs Rs 52.23 cr, from line 8 "Total Tax Expense".

• Profit for the period (PAT): Rs 29.74 cr vs Rs 160.75 cr, from line 9 "Profit for the period (7-8)".

• Total Other Comprehensive Income/(Loss): Rs 111.81 cr vs Rs 78.93 cr, from line 11 "Total Other Comprehensive Income/(Loss) for the period".

• Total Comprehensive Income for the period: Rs 141.55 cr vs Rs 239.68 cr, from line 12 "Total Comprehensive Income for the period (9+ 11)".

• Paid-up equity share capital: Rs 53.24 cr vs Rs 53.24 cr, from line 13 "Paid-up equity share capital (face value Rs. 2/- each)".

• Basic/ Diluted Earnings Per Share: Rs 1.12 vs Rs 6.04, from line 15 "Basic/ Diluted Earnings Per Share (in Rupees) attributable to owners (face value Rs. 2/- each) (not annualised except for the year ended March)".

In Q2 FY27, KEC International’s consolidated revenue from operations, as reported in the statement of consolidated unaudited financial results, was Rs 5,467.71 cr compared with Rs 6,091.56 cr in the corresponding quarter of the previous year. Total income moved in line with revenue, at Rs 5,480.98 cr versus Rs 6,096.19 cr a year earlier.

Total expenses for the quarter were Rs 5,440.10 cr, down from Rs 5,883.21 cr in Q2 FY26. Within this, cost of materials consumed decreased to Rs 2,400.28 cr from Rs 3,111.22 cr, while erection and sub-contracting expenses were Rs 1,749.34 cr compared with Rs 1,719.86 cr. Employee benefits expense rose to Rs 456.22 cr from Rs 425.83 cr, and finance costs increased to Rs 190.66 cr from Rs 171.49 cr. Depreciation and amortisation expense was Rs 53.01 cr versus Rs 50.57 cr, and other expenses were Rs 438.41 cr compared with Rs 478.67 cr. Changes in inventories of finished goods and work-in-progress stood at Rs 152.18 cr against Rs (74.43) cr in the year-ago quarter.

Profit before exceptional items and tax, as per line 5 of the statement of consolidated unaudited financial results, was Rs 40.88 cr in Q2 FY27, compared with Rs 212.98 cr in Q2 FY26. With no exceptional items reported in either period, profit after exceptional items and before tax was the same. Total tax expense was Rs 11.14 cr versus Rs 52.23 cr, resulting in profit for the period (profit after tax) of Rs 29.74 cr, down from Rs 160.75 cr a year earlier. Basic and diluted earnings per share for the quarter were Rs 1.12, compared with Rs 6.04 in the corresponding quarter of the previous year.