As enclosed
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KNR Constructions reported a significant decline in FY2026 performance. Standalone revenue fell to Rs. 2,096.72 Cr from Rs. 3,358.65 Cr in FY25 (approx 37.5% decline), while standalone PAT dropped sharply to Rs. 116.06 Cr from Rs. 725.68 Cr (approx 84% decline). Consolidated PAT stood at Rs. 419.44 Cr versus Rs. 1,020.61 Cr in FY25. The auditors issued an unmodified (clean) opinion but included an Emphasis of Matter regarding Rs. 1,363.32 Cr of stalled receivables from the Kaleswaram Package 4 Irrigation Project in Telangana (collections halted since March 2023). The company recognized Rs. 162.97 Cr in claim settlements during Q4 and provided Rs. 135.52 Cr for revised project cost estimates. The Board recommended a final dividend of Rs. 0.25 per share. Exceptional items of Rs. 15.01 Cr were recorded. Cash flow from operations turned positive at Rs. 42.71 Cr standalone.
The steep revenue and profit decline raises concerns about execution challenges. The stalled Kaleswaram receivables (over Rs. 1,363 Cr) remain a key risk despite management's confidence in recovery and minimal ECL provision of Rs. 27.92 Cr. Shareholders should monitor collection progress and future order book clarity.