KNR Constructions Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
KNRCON · price
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Awaiting price reaction for this filing.
KNR Constructions' board approved weak Q1 FY26 results (quarter ended June 30, 2025). Standalone revenue from operations fell to Rs. 48,331.74 lakhs from Rs. 85,119.40 lakhs in Q1 FY25 — a ~43% YoY drop, though the base quarter included a one-time arbitration claim of Rs. 6,088.12 lakhs. Standalone PAT declined sharply to Rs. 5,128.55 lakhs (vs Rs. 13,389.25 lakhs), with EPS at Rs. 1.82 versus Rs. 4.76. Consolidated revenue fell to Rs. 61,272.24 lakhs and PAT to Rs. 12,340.75 lakhs (down ~26% from Rs. 16,597.97 lakhs). The company booked exceptional items expense of Rs. 1,501.21 lakhs in the quarter. The Kaleswaram irrigation project receivables remain a major overhang at Rs. 1,29,336.28 lakhs, with collections stalled since March 2025/March 2023, though Rs. 1,472.98 lakhs was recovered for Package 3 in this quarter. The board re-appointed Mr. K Narsimha Reddy (Managing Director) and Mr. K Jalandhar Reddy (Executive Director) for 5-year terms from April 1, 2026, subject to shareholder approval at the AGM on September 25, 2025. Dividend record date fixed at September 15, 2025.
Sharp YoY decline in revenue and profits, though partly distorted by one-off items in the base quarter; the lingering Kaleswaram receivables remain the key risk to watch. Promoter re-appointments provide leadership continuity, and the dividend announcement is a positive signal of cash generation despite the weak quarter.