KNR Construction - Persistent Strong Execution In Q3: Prabhudas Lilladher 
An elevated flyover construction site by KNR Construction Ltd. (image: Company website)

KNR Construction - Persistent Strong Execution In Q3: Prabhudas Lilladher 

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Prabhudas Lilladher Report

KNR Constructions Ltd. reported a strong quarter with revenue (up 23% YoY) and margins coming above our and street estimates.

Ebitda sustained at higher levels of 19.7% mainly due to higher share of irrigation projects in revenue mix (29% in Q3) as well as order book (at 45%).

Working capital position remains strong on the back of timely payments from National Highways Authority of India and other state/central government authorities.

The realisation of a large part of dues (Rs 5.4 billion) from Telangana govt. further strengthened the liquidity position.

Click on the attachment to read the full report:

Prabhudas Lilladher KNR Construction Q3FY21 Result Update.pdf

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