KNRCONNSEKNR Constructions Limited· ConstructionMediumNeutral
Announced Thu, 5 Jun · 12:15 IST

KNR Constructions Limited has informed the Exchange about Transcript

Order Pipeline DisclosedMgmt Guided Margin PressureInvestor Communications View source PDF

KNRCON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

KNR Constructions reported Q3 FY25 standalone revenue of INR743 crores, EBITDA of INR151 crores (20.4% margin), and net profit of INR182 crores, up 113% year-on-year. Consolidated 9M FY25 revenue grew 25% YoY to INR3,778 crores with net profit of INR994 crores, though the CFO flagged that adjusted EBITDA margin was around 16.4%. Management guided for a 10-15% revenue decline in FY25 and FY26 revenue of INR3,500-4,000 crores, with EBITDA margins settling at 15-15.5% as the order book thins. Current order book stands at INR3,888 crores (INR5,517 crores including pending awards), and the company is targeting INR8,000-10,000 crores of new orders over the next 3-4 months from NHAI highways, state projects, mining, and partnerships with Adani and Cube Highways. Management also plans to monetize 4 mature HAM assets by end of FY25 and is pursuing INR1,200 crores of irrigation receivables stuck with the Telangana government through a court case.

Likely market impact

Near-term outlook is weak with falling revenue and margin compression, but the order pipeline, HAM asset monetization, and potential recovery of irrigation dues could support cash flows in FY26. Shareholders should monitor order inflow execution and progress on Telangana receivable recovery as key swing factors.