A day after KNR Constructions announced outstanding results for the quarter that ended in March 2024, the company’s shares surged by more than 7% on May 30.
During the reviewed quarter, KNR Constructions’ net sales increased 13.54 percent YoY to Rs 1,414 crore, while its net profit increased 140% YoY to Rs 353 crore.
The infrastructure development company’s net profit increased by 69.73 percent year over year to Rs 777.40 crore for the entire fiscal year (FY24), while sales increased by 9.04 percent to Rs 4,429.49 crore.
The company was awarded a Letter of Award (LoA) on March 12, 2024, for Water Supply Projects in 26 ULBs and Sewerage Projects in 04 ULBs under AMRUT 2.0, which falls under the jurisdiction of the Khammam and Nalgonda PH Divisions. The project is expected to cost approximately Rs 1,104 crore.
Furthermore, Package 13, which is a portion of the Bengaluru-Vijayawada economic corridor in the state of Andhra Pradesh, has been assigned a date of February 10 under the Hybrid Annuity Model (HAM) Mode under the Bharatmala Pariyojana Phase-1.
Engineering, Procurement, and Construction (EPC) services are offered by KNR Constructions. One of its main projects is building highways and roads. A number of Build-Operate-Transfer (BOT)/HAM projects are in the company’s portfolio.
At present, it has 668 lane kilometres of projects spread across Telangana, Karnataka, and Bihar; these projects are divided into 2 annuity-based, 1 toll-based, and 8 HAM-based projects, with a total bid project cost of Rs 9,618.8 crore.
On the National Stock Exchange (NSE), KNR Constructions shares were up more than 5% at Rs 295.80 a share as of 10:25 a.m. This year, The stock has increased by more than 14%, outpacing the Nifty’s 3.8 percent gains over the same time frame.
KNR Constructions Stock Rallies 7% on Robust Q4 Results
Shares of KNR Constructions Ltd surged 7% after the company reported strong Q4 financial results, driven by healthy revenue growth and improved profitability. Investors reacted positively as the company’s earnings reflected strong execution in the infrastructure sector, particularly in roads and highways development.
In its Q4 earnings report, KNR Constructions posted a significant rise in revenue and net profit, supported by steady order inflows and timely project completion. The company’s margins remained resilient despite inflationary pressures, thanks to efficient cost management and strong operational performance.
Analysts have attributed this rally to KNR Constructions’ robust order book, consistent project execution, and growing opportunities in India’s infrastructure sector. With the government’s continued push for road development, irrigation projects, and smart city initiatives, the company is well-positioned for future growth.
Market experts believe the stock could continue its upward trajectory as KNR Constructions benefits from India’s expanding infrastructure sector. The recent rally reflects investor confidence in the company’s ability to deliver sustained growth and profitability in the coming quarters.
Shares of KNR Constructions surged 7% on [Stock Exchange Name] after the company reported strong Q4 financial results, driven by healthy revenue growth and improved profitability. The rally reflects investor confidence in the company’s strong operational performance and future outlook.
In its Q4 earnings report, KNR Constructions posted a [Revenue Figure] increase, supported by a strong order book and timely execution of infrastructure projects. Net profit also saw a significant jump, indicating improved margins and efficient cost management. The company’s EBITDA margin expanded, reflecting better project execution and operational efficiencies.
Analysts attribute the stock’s rise to KNR Constructions’ robust fundamentals and growing presence in India’s infrastructure sector. With a pipeline of new road and highway projects, the company is well-positioned to capitalize on government-led infrastructure spending.
Market experts remain bullish on the stock, citing strong revenue visibility and continued momentum in the sector. Investors responded positively to management’s optimistic guidance for the upcoming quarters.
With ongoing infrastructure development and a solid order backlog, KNR Constructions is expected to sustain its growth trajectory, making it a key player in India’s construction and engineering space.
Group Media Publication
Construction, Infrastructure and Mining
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