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Earnings Call

KNR Constructions Earnings Call: Key Takeaways

KNR Constructions reported Q4 FY26 standalone revenue of ₹535cr and EBITDA of ₹28cr (5.3% margin). FY26 consolidated revenue reached ₹2,698cr with a 26.4% EBITDA margin.

Why this was an Alfa AlertNot a filter event. Company is guiding for lower margins (10-11%) vs historical peaks due to aggressive bidding.
Highlights
Revenue growthFY26 Consolidated: ₹2,698cr; Standalone: ₹2,097cr.
MarginsCompressed; guiding 10-11% for new projects vs 18-20% previously.
Order book₹11,903cr (including recent HAM wins); 49% roads, 30% mining.
Demand visibilityTargeting diversifications into railways, solar, and data centers.
Management confidenceModerate; citing tight competition and sector awarding headwinds.

Growth

Standalone FY26 revenue at ₹2,097cr; consolidated PAT for FY26 stood at ₹437cr.

Outlook

FY27 order inflow target ₹8,000-10,000cr. Guidance for FY27-28 EBITDA margins moderated to 10-11%.

Risks

Telangana irrigation receivables pending (₹1,400cr+); high competition in NHAI bidding impacting future margins.

Last quarter's promises, checked

Delivered

  • Guided standalone debt ₹0 → delivered ₹0 (= BEAT)
  • Guided Q4 revenue ~₹450cr → delivered ₹535cr (= BEAT)
  • Guided FY26 total revenue ~₹2,000cr → delivered ₹2,097cr (= BEAT)

Partly delivered

  • Guided Telangana collection by March end → delivered partial recovery/negotiations (= PARTIAL)

Missed

  • Guided EBITDA margin 13-14% → delivered 5.3% (= MISS)
Source

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

Read the document ↗

KNR Constructions Ltd: key numbers

Share price
₹120.27
Market cap
₹3,382 Cr
Revenue (annual)
₹2,698 Cr
Net profit (annual)
₹437.1 Cr
P/E (TTM)
8.6×Sector 33.0×
Promoter holding
48.81%+0.00% QoQ
FII holding
5.43%Current quarter

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

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