KNR Constructions Limited — PPTs, 30-05-2025: Investor Presentation

1. Financial Highlights:

Standalone revenue declined 35% QoQ to Rs. 851 Cr in Q4 and 18% YoY to Rs. 3,359 Cr for FY25. EBITDA dropped 45% QoQ to Rs. 117.5 Cr and declined 11% YoY to Rs. 626 Cr, with margins contracting 250 bps QoQ to 13.8% but improving 150 bps YoY to 18.6%. PAT fell 63% QoQ to Rs. 75.2 Cr but rose 47% YoY to Rs. 726 Cr. Consolidated revenue was down 31% QoQ at Rs. 975 Cr, yet up 7% YoY at Rs. 4,753 Cr. Consolidated PAT plunged 98% QoQ to Rs. 7.6 Cr but grew 33% YoY to Rs. 1,002 Cr. The standalone balance sheet remains robust with equity of Rs. 3,945 Cr and minimal borrowings; net working capital days are stable.

2. Strategic Initiatives & Growth Drivers:

KNR secured two HAM projects totaling Rs. 119 Cr in Karnataka and completed the Chittoor-Thatchur Highway HAM ahead of schedule, earning a bonus of Rs. 3.26 Cr. The company focuses on timely execution, engineering excellence, and is expanding into elevated metro rail and railway projects. Capex on machinery stands at Rs. 1,438 Cr supporting strong in-house execution with a fleet of equipment and a workforce of 2,750.

3. Business Developments:

The company exited two subsidiaries related to Muzaffarpur tollway projects, generating proceeds of Rs. 46,000 to Rs. 1 Lakh. Its EPC order book totals Rs. 5,052 Cr, dominated by road, irrigation, and pipeline projects mainly in South India. Key projects include Mysore-Kushalnagara highway stretches and large reservoir works in Telangana.

4. Market Position & Competitive Advantage:

With 25+ years in EPC and 8,700+ lane km of roads built across 12 states, KNR is a leader in roads and irrigation segments. Strengths include strong in-house execution, a large machinery fleet, experienced management, marquee clients like NHAI, and robust JV partnerships. A track record of on-time or early project delivery supports its competitive positioning.

5. Investor Implications:

Full-year PAT growth and healthy order inflows indicate positive growth potential despite Q4 softness. A strong balance sheet with low leverage lowers financial risk. Expansion into metro rail and irrigation sectors combined with execution expertise offers growth avenues. Investors should watch for project execution and new order flow to track sustained momentum.