KNR Constructions (532942) Q4 23/24 earnings summary

Executive summary

• Achieved consolidated revenue of ₹44,294.9 Mn in FY24, up 9.2% year-over-year, with a stable order book of ₹65,048 Mn as of March 31, 2024.

• Net profit after tax (PAT) for FY24 was ₹4,938 Mn on a standalone basis, a slight decrease of 1% from the previous year.

• EBITDA for FY24 stood at ₹7,010 Mn, down 2.9% year-over-year, while net worth increased by 18% to ₹32,257 Mn.

• The company maintained a strong balance sheet with negligible debt and robust liquidity.

Financial highlights

• Standalone revenue from operations: ₹40,910 Mn in FY24 vs ₹37,438 Mn in FY23 (9.3% growth).

• Standalone PAT: ₹4,938 Mn in FY24 vs ₹4,988 Mn in FY23.

• Consolidated revenue: ₹44,294.9 Mn; consolidated PAT: ₹7,522.9 Mn.

• EPS (standalone): ₹17.56; EPS (consolidated): ₹27.64.

• Dividend of ₹0.25 per share declared for FY24.

Outlook and guidance

• Management expects continued growth, leveraging a diversified order book and expanding into new segments such as metro, tunneling, railways, mining, and solar.

• Focus remains on sustainable growth, de-risking, and exploring new geographies.

• Government infrastructure spending and robust project pipeline provide strong visibility for future revenues.