KNR Constructions (532942) investor relations material

Executive summary

• Q1 FY26 saw muted execution due to most projects nearing completion and slow new project starts; revenue guidance for FY26 was revised down to INR 2,000–2,500 crores from earlier INR 2,500–3,000 crores.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

• Re-appointment of Managing Director and Executive Director for five-year terms, subject to AGM approval.

• Order book as of June 30, 2025, stands at INR 8,305 crores, with significant diversification into mining (43%), roads (27%), irrigation (17%), and pipelines (13%).

• Monetization of HAM assets is in advanced stages, expected to improve liquidity.

Financial highlights

• Standalone Q1 FY26 revenue: INR 483 crores; EBITDA: INR 56 crores (margin 13.6%); net profit: INR 51 crores.

• Consolidated Q1 FY26 revenue: INR 613 crores (down from INR 985 crores YoY); EBITDA: INR 183 crores (margin 29.9%); PAT: INR 153 crores.

• Standalone revenue from operations for Q1 FY26: ₹48,331.78 lakhs; consolidated: ₹61,272.28 lakhs.

• Standalone net profit after tax: ₹5,145.78 lakhs; consolidated net profit after tax and associates: ₹12,340.75 lakhs.

• Arbitration claim of ₹413.30 lakhs included in revenue and ₹679.25 lakhs interest in other income for the quarter.

Outlook and guidance

• FY26 revenue guidance revised to INR 2,000–2,500 crores due to slow order inflow and project completion; earlier guidance was INR 2,500–3,000 crores.

• Order inflow target of INR 10,000–12,000 crores (excluding mining), with focus on roads, irrigation, mining, and state projects.

• FY27 expected to see sharp growth with full-scale execution of new projects, targeting revenue of INR 3,500–4,000 crores.

• Management remains confident of recovering dues from Kaleswaram projects despite stalled collections.

• EBITDA margin guidance at 13–14%, with possible dilution to 12% due to lower mining margins.