KNR Constructions Ltd's Q4FY18 standalone net profit rises 52.09% yoy to Rs79.74cr : Beats Estimates

The company’s standalone revenue stood at Rs624.37cr, up 29.51% yoy.

May 31, 2018 08:05 IST India Infoline Research Team

KNR Constructions Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 624.37 29.5
EBITDA 120.73 67.2
EBITDA Margin (%) 19.3 436
Net Profit (adjusted) 79.74 52.1
***EBITDA margin change is bps
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Buy

Reco. Price

303

Last updated on

18-May-2018



KNR Construction Ltd reported Q4FY18 numbers beating the consensus estimates. Revenue grew by 29.5% yoy to Rs624.37cr as against Rs482.1cr in Q4FY17. The company’s EBITDA margin expanded by 436bps yoy to 19.3% as against 15% in Q4FY17. The EBITDA grew by 67.2% yoy to Rs120.73cr as against Rs72.22cr, beating the estimates. The company’s PAT grew by 52.1% yoy to Rs79.74cr as against Rs52.43cr last year, beating the estimates.

  • Strong EPC order book of Rs23,26.6cr as on March 31, 2018, comprising of Rs1,656.1cr in Roads sector, Rs668.8cr in irrigation and Rs1.7cr in others.
  • The Company has received an order worth Rs884.47cr in the state of Telangana for irrigation works.
  • The Board has recommended a dividend of Rs0.40 per equity shares of Rs2 each for FY18.

Technical View:

KNR Constructions Ltd is currently trading at Rs285.40, down by 5.75 points or 1.97% from its previous closing of Rs291.15 on the BSE. The scrip opened at Rs314.95 and has touched a high and low of Rs315 and Rs285.40 respectively. So far 6,00,446 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

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