KNR Constructions Limited has informed the Exchange about Transcript
KNRCON · price
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KNR Constructions reported weak Q1 FY26 results, with standalone revenue falling to INR 483 crore and EBITDA dropping sharply to INR 66 crore (margin 13.6%) versus INR 192 crore in Q1 FY25. Consolidated revenue stood at INR 613 crore with EBITDA margin at 29.9% and PAT of INR 123 crore. The company revised FY26 standalone revenue guidance downward to INR 2,000-2,500 crore from the earlier INR 2,500-3,000 crore, citing muted ordering and most existing projects being over 90% complete. Order book stood at INR 8,305 crore (with 43% from new mining entry), and management is targeting INR 10,000-12,000 crore of fresh order inflows excluding mining. Working capital days worsened sharply to 169 days from 93 days, driven by INR 1,300 crore in pending irrigation receivables from Telangana government, which management expects to recover by March 2026.
The revenue guidance cut and weak quarterly execution are negatives for near-term sentiment, though the INR 4,800 crore coal mining entry and expected HAM asset monetization (within a month) provide future growth and cash inflow optionality. Shareholders should watch for order wins (MSRDC INR 2,200 crore pending LOA) and Telangana payment recovery as key catalysts.