KNR Constructions Ltd's Q3FY19 standalone net profit declines 20.7% yoy to Rs52.11cr : Beats Estimates

The company’s standalone revenue stood at Rs448.89cr, up 3.62% yoy.

Feb 12, 2019 01:02 IST India Infoline Research Team

KNR Constructions Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 448.89 3.6
EBITDA 90.12 [8.4]
EBITDA Margin (%) 20.1 [263]
Net Profit 52.11 [20.7]
***EBITDA margin change is bps

KNR Construction Ltd reported Q3FY19 results beating the estimates. Revenue grew by 3.6% yoy to Rs448.89cr against Rs433.19cr in Q3FY18, beating the estimate of Rs432cr. EBITDA for the quarter declined by 8.4% yoy to Rs90.12cr against Rs98.38cr in Q3FY18, beating the estimate of Rs77cr. EBITDA margin declined by 263bps yoy to 20.1%. Net profit for the quarter declined by 20.7% yoy to Rs52.1cr against Rs65.69cr last year.

• Received Financial closure for KNR Srirangam Infra Private Limited, KNR Chidambaram Infra Private Limited and KNR Shankarampet Projects Private Limited.
• EPC order book of Rs1540.8cr as on Q3FY19 comprised Rs1,219.4cr in roads sector, Rs319.9cr in Irrigation and Rs1.5cr in others.

Technical View:

KNR Constructions Ltd is currently trading at Rs. 196.15, down by 4 points or 2% from its previous closing of Rs. 200.15 on the BSE.
The scrip opened at Rs. 197.25 and has touched a high and low of Rs. 198.50 and Rs. 195.05 respectively. So far 28,090 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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