KNR Constructions Limited — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KNR Constructions reported Q3 standalone revenue of INR743 Cr (+3% YoY) with EBITDA growing to INR151 Cr and margin at 20.4%; PAT doubled to INR182 Cr. Consolidated Q3 revenue rose 13% YoY to INR848 Cr with 30.1% margin; PAT up 83% to INR248 Cr. Order book stands at INR5,517 Cr (including HAM and irrigation), with plans to secure INR8,000-10,000 Cr orders soon. Telangana irrigation receivables remain high at ~INR1,200 Cr, with legal efforts ongoing. FY26 revenue is expected to dip 10-15%, margin stable or slightly improved. Focus on large NHAI bids, irrigation HAM, mining, BOT toll EPC, and urban infrastructure. Monetization of HAM assets underway, providing cash inflows. Management remains cautiously optimistic amid sector challenges and payment delays.