KNR Constructions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KNRCON · price
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KNR Constructions announced its Q1 FY26 results on August 11, 2025, showing a sharp drop in revenue and profits compared to the same quarter last year. Standalone revenue from operations fell to Rs. 483.32 crore from Rs. 851.19 crore in Q1 FY25, and standalone net profit declined to Rs. 51.29 crore from Rs. 75.20 crore. Consolidated revenue dropped to Rs. 612.72 crore from Rs. 975.21 crore, with consolidated net profit at Rs. 123.41 crore versus Rs. 165.98 crore. The fall is partly because Q1 FY25 included a one-time arbitration award of Rs. 60.88 crore inflating that quarter's base. The company recorded exceptional expenses of Rs. 14.61 crore (standalone) during the quarter. The board also approved the re-appointment of the Managing Director and Executive Director for 5 years, set the AGM for September 25, 2025, and fixed September 15, 2025 as the record date for dividend. A major concern flagged in the results is Rs. 1,293.36 crore in trade receivables stuck in the stalled Kaleswaram Package 3 and 4 irrigation projects in Telangana, where collections have been frozen since March 2025 and March 2023 respectively.
Short-term: The sharp revenue and profit decline may weigh on the stock, but the comparison is distorted by a one-time Q1 FY25 arbitration receipt. The large stuck Kaleswaram receivables remain a key overhang on cash flows. Positive: A dividend has been declared and the promoter leadership is being renewed, providing some continuity.