Please find enclosed herewith the Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2026
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Knowledge Marine & Engineering Works reported strong FY2026 consolidated results with revenue growing 27.7% to Rs 25,628 lakhs from Rs 20,070 lakhs, while net profit surged 59.5% to Rs 7,910.50 lakhs from Rs 4,959.89 lakhs. However, the company faced a significant operating cash outflow of Rs 20,040 lakhs (vs inflow of Rs 1,947 lakhs in FY25), driven mainly by a Rs 27,197 lakhs increase in financial assets/loans. Total equity more than doubled to Rs 57,284 lakhs following a Rs 26,988 lakhs equity raise. The auditor issued an 'Emphasis of Matter' regarding a Rs 24.89 crore claim outstanding for over a year against Dredging Corporation of India, though management expects full recovery. Additionally, the company announced a change in statutory auditor and plans to merge two subsidiaries.
Strong profit growth is positive, but the large negative operating cash flow and outstanding disputed receivables raise concerns about cash conversion quality and liquidity risk despite the equity infusion.