KNR Constructions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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KNR Constructions reported significant declines in both standalone and consolidated revenues and profits for FY2026. Standalone revenue fell to Rs. 2,09,672 lakhs from Rs. 3,35,865 lakhs in FY2025, while consolidated revenue dropped to Rs. 2,69,801 lakhs from Rs. 4,75,317 lakhs. Standalone net profit after tax declined sharply to Rs. 11,606 lakhs from Rs. 72,568 lakhs year-over-year. The Board recommended a dividend of Rs. 0.25 per share. The auditors issued an unmodified opinion but drew an emphasis of matter to Rs. 1,36,332 lakhs in stalled receivables from the Kaleswaram Package 4 Irrigation Project (no collections since March 2023), for which only Rs. 2,792 lakhs ECL provision was made. The company also recognized claims of Rs. 16,297 lakhs on settlement and provided Rs. 13,552 lakhs for revised project cost estimates.
The company faces significant revenue and profit contraction. The large stalled receivables from the Kaleswaram project represent a major risk that investors should monitor closely, though management remains confident of recovery.