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Earnings Call Transcript

Knowledge Marine & Engineering Works Earnings Call Transcript: Key Takeaways

KMEW delivered a strong Q1 FY27 with 138% revenue growth driven by complex dredging projects. Management raised FY27 growth guidance following a significant order book expansion and fleet utilization efficiency.

Why this was an Alfa AlertRevenue guidance raised from 40.0% to 60.0% (+20pp).
Guidance and delivery
Revenue guidance 40.0% → 60.0% Raised by 20.0 percentage points
Management target Revenue 60.0% FY27
Highlights
Revenue growth138% YoY growth in Q1 FY27.
MarginsEBITDA margin at 64%; guidance remains 35-40% conservatively.
Order book₹1,300 Cr (Dredging: ₹240Cr, Charter: ₹850Cr, Shipbuilding: ₹240Cr).
Demand visibilityStrong; bid pipeline exceeds ₹3,500 Cr.
Management confidenceHigh; citing operating leverage and specialized asset deployment.

Growth

Revenue grew 138% YoY to ₹115.41 Cr; EBITDA surged 258% to ₹73.41 Cr; PAT increased 466% to ₹62.75 Cr.

Outlook

FY27 revenue guidance raised to 60%+ growth. ₹1,000 Cr capex planned over 1.5 years targeting ₹1,000 Cr revenue by FY29.

Risks

Project-based business nature causes quarterly revenue volatility; dependence on monsoon cycles for dredging execution.

Last quarter's promises, checked

Delivered

  • Revenue growth → delivered 138% YoY (= BEAT)
  • Benchmark higher margins → delivered 64% EBITDA vs 43% prev (= BEAT)
  • Shipyard investment focus → Phase 1 commissioning started (= BEAT)

Partly delivered

  • Tonnage tax <1% turnover → delivered 15% effective tax rate (= PARTIAL)
Source

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

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Knowledge Marine & Engineering Works Ltd: key numbers

Share price
₹2,865.10
Market cap
₹7,267 Cr
Revenue (annual)
₹256.3 Cr
Net profit (annual)
₹78.80 Cr
P/E (TTM)
56.1×Sector 29.0×
Promoter holding
51.56%-2.07% QoQ
FII holding
12.12%Current quarter

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

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