Knowledge Marine & Engineering Works Limited has informed the Exchange about Transcript

Knowledge Marine & Engineering Works reported its strongest quarter in recent history, with revenue of INR 90 crores (up 79% QoQ and 56% YoY). EBITDA came in at INR 38.54 crores (43% margin) and profit after tax at INR 32.89 crores (34% margin), reflecting strong operating leverage. The company has an order book of INR 1,500 crores (dredging INR 409 cr, charter INR 863 cr, shipbuilding INR 230 cr) and a bid pipeline of over INR 3,000 crores. Key wins include INR 230 cr orders from IWAI for work boats, INR 700 cr green tug contracts from Vishakhapatnam and VOC ports (15-year charter), and a INR 50 cr JNPT capital dredging contract. Management raised INR 285 crores via preferential issue (INR 183 cr for capex, INR 30 cr working capital, INR 71 cr general purposes) and executed a share split from INR 10 to INR 5. The company has shifted to the tonnage tax scheme, which will lower effective tax to under 1% of turnover. Fleet of 45 vessels is fully utilised, with dredgers deployed 270-300 days a year.