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Earnings Call

Knowledge Marine & Engineering Works Earnings Call: Key Takeaways

KMEW delivered strong FY26 performance with 27% revenue growth and 31% PAT margins. Transitioning into an integrated maritime platform with shipbuilding and green tugs.

Why this was an Alfa AlertNot a filter event. Revenue and margin guidance are below the 50% threshold for filter event status.
Highlights
Revenue growthFY26 +27% YoY; ₹256cr revenue achieved.
MarginsEBITDA margins stable at 38%; guidance 35-40%.
Order book₹1,400cr diversified across dredging, charter, and shipbuilding.
Demand visibilityStrong bid pipeline of ₹2,000cr; multi-year order book visibility.
Management confidenceHigh, projecting 30% YoY growth for next 2 years.

Growth

FY26 Revenue: ₹256cr (+27% YoY); EBITDA: ₹97cr (38% margin); PAT: ₹79cr (31% margin).

Outlook

FY27/28 guidance: 30% YoY revenue growth; 35-40% EBITDA margins; ₹400-500cr capex plan.

Risks

Project-specific revenue recognition timing; regional instability in Bahrain; monsoon-led seasonality in dredging operations.

Last quarter's promises, checked

Delivered

  • Guided benchmark margins → delivered 38% EBITDA / 31% PAT (= BEAT)
  • Guided 45+ vessels → delivered 45+ crafts (= BEAT)
  • Guided higher revenue benchmark → delivered ₹256cr FY26 revenue (= BEAT)

Partly delivered

  • Guided <1% turnover tax → delivered 31% PAT margin with mixed tax structure (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: KMEW. Summary written with AI assistance from the document.

Read the document ↗

Knowledge Marine & Engineering Works Ltd: key numbers

Share price
₹697.00
Market cap
₹8,839 Cr
Revenue (annual)
₹256.3 Cr
Net profit (annual)
₹78.80 Cr
P/E (TTM)
64.2×Sector 32.3×
Promoter holding
50.30%-1.26% QoQ
FII holding
12.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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14:53 IST NSE
Earnings Call

Knowledge Marine & Engineering Works Earnings Call Transcript: Key Takeaways

H1 FY27 revenue ₹186.21 Cr (+89%) and PAT ₹84.27 Cr (+267%), driven by a large dredging win. Management calls Q2 seasonally soft, so H2 must deliver on pending tenders.

Call
Guides 80% growth
12:04 IST BSE
New Order Win

Knowledge Marine & Engineering Works Bags ₹303.2 Cr Order from New Mangalore Port Authority

KMEW received a ₹303.17 Crore work order from New Mangalore Port Authority for 3-year maintenance dredging. This is the company's largest-ever dredging order, adding multi-year revenue visibility.

Value
₹303.2 Cr
From
New Mangalore Port Authority (NMPA)
Execution
3 years (FY 2026-27 to FY 2028-29)
dredging volume over 3-year contract
15.9 million cubic metres