Konstelec Engineers Limited — Investor Meet, 19-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Konstelec Engineers Limited has announced a board meeting to consider the financial results for the quarter and half-year.

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Konstelec reported total income of ₹195 Cr in FY24-25, down from ₹217 Cr last year, with PAT at ₹4.74 Cr versus ₹8.92 Cr. Margins were impacted by execution delays, project cancellations, and elevated costs on near-completion contracts, but these were operational rather than structural challenges. The company has a strong order book with ₹389 Cr of unexecuted orders mainly in oil & gas, steel, cement, and paints. Significant new orders include a ₹25 Cr T&D project in Rajasthan and a solar PV electrification job for Reliance. The recently formed JV in Saudi Arabia and entry into Cameroon are expected to drive future growth, with active bidding pipelines of ₹1000 Cr domestically and $5–10 million in Saudi. Management targets 20–30% revenue growth in FY25-26, margin recovery to 10–15%, and improved execution via project monitoring dashboards and new teams. About 50% of projects are government-funded. ROE stood at 4.93%, with focus on handling commodity price escalation risk through pricing during bidding. Management is optimistic on diversification into renewables, railways, and data centers, viewing the current year as a turnaround and growth phase.