To cut debt by Rs 300 cr in Q3; better margins in FY16: KEC

The company is also eyeing an improvement in debt equity ratio from Q2FY15.

KEC International  has executed a sale deed for its Thane land worth over Rs 200 crore with Ardent Properties, a 100 percent subsidiary of Tata Housing Development Company, and received full consideration of Rs 212.35 crore.

Speaking to CNBC-TV18, MD and CEO Ramesh Chandak assured the debt profile of the company is likely to be better in FY15 versus FY14.

The company is hopeful of reducing debt by nearly Rs 300 crore in Q3FY15 and is eyeing an improvement in debt equity ratio from Q2FY15.

KEC also expects a good improvement in margins next year.

Interview transcript to follow shortly

KEC Intl stock price

On December 16, 2014, at 14:15 hrs KEC International was quoting at Rs 94.00, down Rs 1.45, or 1.52 percent. The 52-week high of the share was Rs 153.00 and the 52-week low was Rs 48.50.

The company's trailing 12-month (TTM) EPS was at Rs 2.47 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 38.06. The latest book value of the company is Rs 40.15 per share. At current value, the price-to-book value of the company is 2.34.

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