KNR Constructions Limited — PPTs, 12-11-2024: Investor Presentation

**Financial Highlights:** KNR Constructions reported a Q2 FY25 revenue of ₹8,838 million, showing a 6% decline YoY, while EBITDA was ₹1,648 million, nearly flat compared to the previous year. The EBITDA margin improved by 99 bps to 18.6%. Profit After Tax (PAT) significantly surged by 235% YoY to ₹3,344 million, boosting PAT margin to 37.8%. H1 FY25 results highlighted a 5% rise in EBITDA to ₹3,569 million and a 123% leap in PAT to ₹4,683 million.

**Strategic Initiatives and Growth Drivers:** KNR Constructions holds a robust order book of ₹44,060 million, primarily in the roads and irrigation sectors. The company aims to expand through strategic joint ventures and enhance its project execution capabilities, focusing on technologically complex projects.

**Business Developments:** Recent highlights include an arbitration claim from an Orissa project impacting financials positively, and the completion of critical settlement agreements, notably with NHAI, that has led to substantial cash inflows.

**Market Position and Competitive Advantage:** KNR demonstrates strong expertise in the EPC sector, capitalizing on over 25 years of industry experience. The successful execution of projects across various Indian states demonstrates its competitive advantage and operational capability.

**Investor Implications:** Given its strong financial performance and strategic focus on expanding its project portfolio, KNR Constructions exhibits a positive outlook for sustained growth, making it a potentially favorable investment opportunity.