KNR Constructions Q4 Review - Robust Quarter, Fair Valuation: Dolat Capital
A crane operates at a construction site. (Photographer Brendon O’Hagan/Bloomberg)

KNR Constructions Q4 Review - Robust Quarter, Fair Valuation: Dolat Capital

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Dolat Capital Report

KNR Constructions Ltd. posted revenue and adjusted profit after tax above estimates however, Ebitda margin was broadly inline.

The company posted 38.5%/24.0%/43.3% YoY growth in revenue/Ebitda/adjusted profit to Rs 9.4 billion/Rs 1.8 billion/Rs 963 million in Q4 FY21.

We broadly maintain our revenue and Ebitda margin estimates for FY22E/ FY23E factoring FY21 results.

However, we upgrade our adjusted profit after estimates by 10.0%/6.2% for FY22E/FY23E factoring lower depreciation and interest cost.

The company is currently working with 60-65% efficiency and expects it to improve once Covid-19 situation stabilises.

Click on the attachment to read the full report:

Dolat Capital KNR Constructions Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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