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.
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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