Dolat Capital: KNR Constructions’ Spike In Execution From Q3 FY21E  

Dolat Capital: KNR Constructions’ Spike In Execution From Q3 FY21E

Workers prepare bracing while working at the National Highway 24 road widening and bypass project near the Indirapuram township in Ghaziabad. (Photographer: T. Narayan/Bloomberg)

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Dolat Capital Report

KNR Constructions Ltd. posted revenue in line, however, Ebitda margins and profit after tax came in above estimates.

The company posted 10.1%/ down 1.4%/19.5% YoY growth in revenue/Ebitda/ adjusted profit after tax to Rs 6.0 billion/ Rs 1.2 billion/ Rs 611 million in Q2 FY21.

We maintain our revenue estimates and slightly increase our Ebitda margin estimates by 213/49 basis points for FY21E/ FY22E factoring H1 FY21 results.

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Dolat Capital KNR Constructions Q2FY21 Result Update.pdf
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