KNR Constructions Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Construction | Market Cap: ₹3.7K Cr
For FY '25, KNR Constructions expects a 10% to 15% decline in revenue compared to previous years. FY '25 expected 10%-15% revenue decline due to lower order book and project slowdowns.
From KNR Constructions Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹127
Market Cap
₹3.7K Cr
P/E Ratio
10.9
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KNR Constructions Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹743 Cr, net profit ₹103 Cr.
Full financials →📊 Revenue & Sales Performance
- →For FY '25, KNR Constructions expects a 10% to 15% decline in revenue compared to previous years.
- →FY '26 revenue is targeted at around INR 3,500 crores to INR 4,000 crores, showing modest growth over FY '25.
- →FY '27 is expected to see better growth driven by new project executions from order inflows in FY '26.
- →The company targets an order book inflow of INR 8,000 crores to INR 10,000 crores within 3 to 4 months (by Q1 FY '26).
- →Increased order book from sectors like highways, irrigation projects (especially in Rajasthan, Madhya Pradesh, Telangana), mining operations, and urban infrastructure projects.
- →HAM projects and EPC model projects are expected to contribute significantly from FY '26 onwards.
- →Overall, KNR is optimistic about higher revenues starting FY '27 due to the strong order pipeline and execution ramp-up.
📈 Profitability & Margins
- →FY '25 expected 10%-15% revenue decline due to lower order book and project slowdowns.
- →FY '26 revenue targeted around INR 3,500 to INR 4,000 crores with similar or slightly improved bottom line margins (~15% EBITDA margin).
- →FY '27 projected to see significant growth driven by new order inflows of INR 8,000 to 10,000 crores expected within early FY '26.
- →EBITDA margins expected in the range of 15%-16% going forward.
- →Net profit growth in 9 months FY '25 was 142% YoY, reflecting strong recovery from claims and operational efficiencies.
- →Ongoing efforts to monetize HAM portfolio and recover INR 600 crores irrigation dues may boost free cash flow and profits.
- →Order book inflows and execution visibility improve, which should support higher operating earnings and EPS in FY '27 onward.
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
- →The company’s stand-alone debt is around INR 27 crores and consolidated debt is INR 1,486 crores as of December 2024.
- →Stand-alone cash is INR 19 crores and consolidated cash is INR 87 crores.
- →The company is targeting to receive an order book of INR 8,000 to 10,000 crores in the next 3 to 4 months.
- →Based on the receipt of LOA and mobilization, the company will rework on the capex requirements for the next year.
- →Current 9 months capex is around INR 20 crores, and for the existing order book, the company may not look at additional capex.
- →There is a mention of an equity investment requirement of around INR 400 crores related to future projects, including irrigation and HAM projects.
- →No explicit mention of new fundraising through debt or equity yet; focus appears on efficient cash management and project funding through mobilization and claims.
📋 Order Book & Pipeline
- →As of December 31, 2024, KNR Constructions Limited's total order book stands at INR 3,888 crores.
- →This includes 46% EPC road and HAM projects, 26% irrigation projects, and 28% pipeline projects.
- →Client-wise: 71% third-party clients (58% state government, 10% central government, 3% private), 29% captive HAM projects.
- →The order book excludes two HAM projects totaling INR 1,200 crores (appointed date pending) and two irrigation projects awarded in January 2025 valued at INR 429 crores.
- →Including these, the total order book would be INR 5,517 crores.
- →The current order book is expected to execute over 1.5 to 2 years.
- →The company targets an order inflow of INR 8,000 crores to INR 10,000 crores in the next 3 to 4 months.
- →Targeted sectors include Rajasthan and Madhya Pradesh irrigation, MSRDC projects, and projects in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and an Agra-Gwalior bid.
Key Metrics
Frequently Asked Questions
What were KNR Constructions Ltd Q3 FY25 results?
For FY '25, KNR Constructions expects a 10% to 15% decline in revenue compared to previous years. FY '25 expected 10%-15% revenue decline due to lower order book and project slowdowns.
What is KNR Constructions Ltd share price analysis?
KNR Constructions Ltd currently shows a neutral. The stock trades at a P/E of 10.9 with a market cap of ₹3,724 Cr. Investors should review the full earnings analysis for detailed insights.
Is KNR Constructions Ltd planning capital expenditure?
Stand-alone capex for the existing order book is minimal, around INR20 crores for the first 9 months.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.