KEC International's Q1 profit doubles to Rs 87.6 cr; announces fundraise
Sat, Jul 27, 2024 12:50 PM

KEC International's Q1 profit doubles to Rs 87.6 cr; announces fundraise

A Flip by Avya Verma
Get it on Google Play
KEC International reported a net profit of Rs 87.6 cr, more than doubling from Rs 42 cr yoy, with revenue increasing 6.3% to Rs 4,512 cr. Operating income rose 10.6% to Rs 270 cr, with a 6% EBITDA margin. The company plans to raise up to Rs 6,000 cr through a qualified institutional placement & non-convertible debentures, aiming to raise Rs 4,500 crore via equity and Rs 1,500 crore via debentures.

More great flips

Stocks that may get included in MSCI India Standard Index

Stocks that may get included in MSCI India Standard Index

Shares of ✨BSE, ✨Voltas, ✨Adani Energy Solutions, ✨Alkem Laboratories, ✨Oberoi Realty, and ✨Kalyan Jewellers may be included in the MSCI India Standard Index. This rebalancing could bring these stocks significant passive inflows. The announcement is set for November 6, and changes will take effect from November 26.

Open Flip
CEAT shares fall over 6% after Q2 results but recover from the lows

CEAT shares fall over 6% after Q2 results but recover from the lows

Shares of Ceat Ltd plunged up to 6% in early trade on Friday, October 18, a day after the company reported a sharp drop in its September quarter's net profit. The stock later witnessed recovery and was up around 0.5% at 11.40 am. The flagship company of the RPG Group, on Thursday, reported a 41.5% year-on-year drop in consolidated PAT to ₹121.5 crore for three months ended September 2024.

Open Flip
Havells India Q2 Results Live: Profit Rises by 7.69% YoY

Havells India Q2 Results Live: Profit Rises by 7.69% YoY

Havells India's Q2 results show a 16.38% revenue increase and 7.69% profit rise year-over-year, but a 21.82% revenue decline and 34.24% profit decrease quarter-over-quarter, indicating a challenging operational environment. Havells India's EPS rose 16.67% year-over-year, and despite short-term volatility, the stock has shown strong long-term performance.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon