KNR Constructions Limited (KNRCON) Q2 FY27 Financial Results: PAT ₹80.7 & Revenue ₹587.9 Cr

Investor Takeaways

• Reported consolidated revenue of ₹587.9 crores and net profit of ₹80.7 crores for Q1 FY27 with EBITDA margin of 16.4%
• Order book expanded to INR15,234 crores, with mining contributing 45% of the total order book
• FY27 capex guidance set at INR350-400 crores, targeting INR2,200-2,300 crores revenue for FY27 and INR3,000+ crores for FY28
• Mining revenue expected at INR150 crores (FY27) and INR400 crores (FY28); EBITDA margins targeted at 8-9% (FY27) and 11-12% (FY28)
• Standalone debt is nil; consolidated debt at INR1,975 crores; cash position of INR435 crores

Overall Tone: Neutral

Key Financial Highlights

What Changed

KNR Constructions reported consolidated revenue of ₹587.9 crores and net profit of ₹80.7 crores for Q1 FY27, with EBITDA margin at 16.4%. The company’s order book grew to INR15,234 crores, with mining now representing 45% of the total order book. FY27 capex guidance is set at INR350-400 crores, targeting INR2,200-2,300 crores in revenue for FY27 and INR3,000+ crores for FY28. Mining revenue is projected at INR150 crores in FY27 and INR400 crores in FY28, with EBITDA margins targeted at 8-9% for FY27 and 11-12% for FY28. Standalone debt is nil, while consolidated debt stands at INR1,975 crores and cash is INR435 crores. Irrigation revenue recovery is expected at INR600 crores in FY27, with revised estimates exceeding INR700 crores.

Peer Comparison

KNR Constructions trades at a significantly lower P/E ratio compared to peers, reflecting its smaller scale and different project mix within the construction sector.

Risks & Concerns

• No specific risks identified in this filing.

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