External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onKEC International We revise our EPS by -2.1% in FY25 owing to margin weakness in Railways, and +1.2% in FY26 factoring in strong execution.</li><li>KEC International (KEC) reported decent revenue growth of 11.6% YoY while EBITDA margin expanded by 116bps YoY to 6.3%.</li><li>Indian T&amp;D opportunity pipeline is robust given the push on renewable energy and new thermal projects to cater to rising power demand.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onKEC International We revise our EPS by -2.1% in FY25 owing to margin weakness in Railways, and +1.2% in FY26 factoring in strong execution.KEC International (KEC) reported decent revenue growth of 11.6% YoY while EBITDA margin expanded by 116bps YoY to 6.3%.Indian T&amp;D opportunity pipeline is robust given the push on renewable energy and new thermal projects to cater to rising power demand.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEC International (KECI IN) - Decent Quarter; but Order Inflows Disappoint