Expect double-digit revenue growth in FY22: KEC International

“Some are from L-1 position and some are not from L-1 position. We have got at least 2 orders where we were not L-1. Our total tally of order intake is around Rs 9,600 crore plus L-1 of Rs 6,000 crore. So we are roughly around 30% higher than last year if you add both the components,” he said.

Kejriwal also said that the 62% of the order book is domestic and is driven by the railways order book. He said that railways is close to 30% of the revenues and he is expecting it to grow about 20% over the year.

“If you look at the revenue part, FY21, railways would be at least 30% and civil will be closer to 9-10%. However, next year we expect civil to grow by at least 50-55%. So, next year civil will be close to 15-17%. Railways will grow by 20% of their current numbers. So, railways will also be closer to 25-27%,” he said.

On margins, he said, “The orders were at similar margins of 9-10%. However, if I have to execute them today, then the margins will go down because of metal prices. But these orders would typically take 12-18 months. So, our expectation is that we would be able to retain our normal margins of around 10% as and when execution starts. Q2 we hope that steel prices will go down. So, Q2 will definitely improve.”