KNR Constructions Shares Soar 14.31% After Reporting Strong Q2 FY25 Results with 306% PAT Growth

On November 13, 2024, KNR Constructions’ shares surged by 14.31%, reaching a three-week high of ₹324.65 in intraday trading, fueled by impressive Q2 FY25 earnings. The stock opened at ₹306.45 on the NSE, reaching ₹324.85 by 9:30 AM and gaining 10% by 10:30 AM, settling at ₹313.

Strong Q2 Financial Performance

KNR Constructions posted remarkable year-over-year growth in its September quarter results:

• Revenue: Increased by 87% to ₹1,944.86 crore.
• Operating Margins: Expanded by 2,246 basis points, reaching 44.7%.
• Operating Profit: Jumped 276% to ₹869 crore, compared to ₹231 crore in the same quarter last year.
• Profit After Tax (PAT): Rose by 306% year-over-year to ₹580 crore, up from ₹142 crore, and increased 249% from the June quarter’s net profit of ₹165 crore.

By the end of September 2024, KNR’s order book stood at ₹4,406 crore. The road (HAM) segment accounted for 33% of the order book, while irrigation and pipeline projects represented 23% and 25%, respectively, with additional road projects making up the balance.

About KNR Constructions

KNR Constructions Ltd., headquartered in India, is a leading infrastructure development company, offering engineering, procurement, and construction (EPC) services across diverse sectors, including highways, flyovers, bridges, irrigation, and urban infrastructure. The company is involved in a variety of infrastructure projects that encompass road and highway construction, irrigation systems, water management, and urban water infrastructure.

A notable ongoing project is the Challaghatta Main Valley Project (Package CVD-II) in Bangalore. This urban development initiative involves the renovation of bridges, culverts, primary and secondary storm drains, and other associated infrastructure in the Challaghatta Main Valley, improving flood management and urban water flow.

KNR’s robust financial performance and its diverse, well-funded order book reflect its growth potential and continued prominence in the infrastructure development sector.

Disclaimer: The information provided here is for informational purposes only and should not be construed as financial or investment advice. Please conduct your own research or consult a professional advisor before making any investment decisions.