KEC International's Vimal Kejriwal Exclusive On The Firm's Q3FY23 Earnings | Bazaar Corporate Radar

Описание: Engineering and construction company KEC International on Tuesday reported an 81.2% fall in its quarterly profit, hurt by elevated costs, including sub-contracting expenses.

The company's consolidated profit stood at 176 million Indian rupees ($2.15 million) for the quarter ended Dec. 31, compared with a profit of 936.1 million rupees the previous year.

Sub-contracting expenses surged 55% and cost of materials consumed jumped 27%, sending total expenses up 35% to 43.65 billion rupees.

Revenue from operations rose 31% to 4.37 billion rupees.

In an exclusive conversation with CNBC-TV18, Vimal Kejriwal, MD & CEO, KEC International, speaks on the firm's Q3FY23 results. Listen in.


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