KNR Constructions Ltd's Q2FY17 standalone net profit rises 22.25% yoy to Rs.43.93 crore : Beats Estimates

India Infoline Research Team | November 15, 2016 11:40 IST

Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 374 72.2
EDITDA 56 42.7
EBITDA Margin (%) 15 [309]
Net Profit (adjusted) 44 [22.2]
***EBITDA margin change is bps

KNR Construction’s Q2FY17 standalone numbers came in above Bloomberg estimates. Revenue for the period came in 29.9% above the estimate of Rs 288 cr. EBITDA came in 128.4% above the estimate of Rs 25 cr. And net profit for the period was 66.6% above the estimated figure of Rs 26 cr.
 
Net revenue for the quarter surged 72.2% yoy to Rs 374 cr. Th
 
EBITDA for the period rose 42.7% yoy to Rs 56 cr led by EBITDA margins contraction of 309 bps to 15%. This was primarily the impact of across the board rise in expenses with operating expenses for the period rising 78.7% yoy.
 
However, net profit for the period declined 22.2% yoy to Rs 44 cr led by a 53.5% yoy increase in finance costs.
 
The company currently has a portfolio of 4 BOT projects and a strong EPC order-book of Rs 4579 cr.


Technical View:

KNR Constructions Ltd is currently trading at Rs. 672.25, down by 40.75 points or 5.72% from its previous closing of Rs. 713 on the BSE.
The scrip opened at Rs. 701 and has touched a high and low of Rs. 701 and Rs. 660 respectively. So far 9375(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 771.65 11.65 (1.53%)
NSE 774.60 22.90 (3.05%)

***Note: This is a NSE Chart

 

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