KEC International shares nosedive over 7%; here is what investors need to know

The stock slipped as much as 7.29% to ₹724.70 on the NSE in the early trade.

The letter said that the company has been excluded from participating in tenders of PGCIL and the award of contracts by it for a period of nine months from November 18, 2025, without affecting any of the existing projects of PGCIL under execution, for alleged transgression of contractual provisions in relation to an earlier matter communicated to the stock exchanges vide letter dated March 24, 2025.

"The company is examining various options available to it, including legal recourse/approaching PGCIL for reconsideration of the above," it said.

It added that it does not envisage any significant impact on its operations and financial position, considering the strong order book and tender pipeline.

KEC International: Recent developments

On Monday, November 17, KEC International, a global infrastructure engineering, procurement, and construction (EPC) company, said in its regulatory filing that it has secured new orders worth ₹1,016 crore across various businesses.

Commenting on the order win, Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We are pleased with the new order wins secured across our businesses. Our civil business has expanded its portfolio with a maiden order for the development of luxury villas in India and has strengthened its order book in the metals & mining segment through an order for an upstream project in a steel plant."

The CEO added, "In a significant milestone, our oil & gas business has marked its entry into the GCC region with an order for the composite station works project, opening a large and attractive market for future growth. With these additions, our YTD order intake has crossed ₹17,000 crore, a strong growth of ~17% over the previous year, reaffirming our confidence in achieving our growth targets.”

KEC International Q2 FY26 Earnings

The company, as per news reports, posted a strong financial performance for the second quarter (Q2 FY26) and half-year (H1 FY26) ended September 30, 2025. The company achieved significant growth in both revenue and profitability, alongside a record order intake and order book.

In Q2 FY26, KEC’s consolidated revenue rose 19% year-on-year to ₹6,092 crore compared to ₹5,113 crore logged in Q2 FY25. The company’s EBITDA increased to ₹430 crore from ₹320 crore, with margins improving to 7.1% from 6.3%. Profit after tax (PAT) surged 88% to ₹161 crore, up from ₹85 crore registered a year ago.

For the first half of FY26, KEC reported a 15% increase in revenue to ₹11,114 crore and a 65% rise in PAT to ₹285 crore compared to the same period last year.