Outcome of board meeting
KNRCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KNR Constructions reported standalone revenue of Rs 2,09,671.53 Lakhs for FY2026, down from Rs 3,35,864.93 Lakhs in FY2025, representing a ~37.6% decline. Standalone PAT fell sharply to Rs 11,606.22 Lakhs from Rs 72,568.08 Lakhs (~84% decline), while consolidated PAT was Rs 43,686.26 Lakhs vs Rs 1,00,187.41 Lakhs. The auditors issued an unmodified (clean) opinion. An emphasis of matter was raised regarding Rs 1,36,331.90 Lakhs in dues from the Kaleswaram Package 4 Irrigation Project in Telangana, where collections have been stalled since March 2023. The company recognized claim settlements of Rs 16,297.36 Lakhs and revised project cost estimates by Rs 13,552.14 Lakhs, creating an ECL provision of Rs 2,792.26 Lakhs. An exceptional item of Rs 1,501.21 Lakhs was recorded. The board recommended a final dividend of Rs 0.25 per share (face value Rs 2).
The steep revenue and profit decline reflects the ongoing impact of stalled collections from the Kaleswaram project and unfavorable project cost revisions. The emphasis of matter on Rs 1,363 Crore stuck receivables is a key risk factor for investors to monitor, though the company remains confident of recovery and the audit opinion is clean.