Quarterly Results: KNR Constructions Ltd
Bhagyashree Vivarekar / 15 Nov 2016
KNR Constructions Ltd., is currently trading at Rs. 672.25, down by 40.75 points. The company's net profit for the period has dropped 22.2% yoy to Rs 44 cr.
Technical View:
KNR Constructions Ltd., is currently trading at Rs. 672.25, down by 40.75 points or 5.72% from its earlier closing of Rs. 713 on the BSE.
The scrip has touched a high and low of Rs. 701 and Rs. 660 respectively, after opening at 701. Altogether 9375(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
KNR Constructions' Q2FY17 standalone numbers have beaten Bloomberg estimates. Revenue for the period has come in 29.9% greater than the estimate of Rs 288 cr. EBITDA has come in 128.4% higher than the estimate of Rs 25 cr. Net profit for the period is 66.6% higher than the estimated figure of Rs 26 cr.
The quarter's net revenue has soared 72.2% yoy to Rs 374 cr.
KNR's EBITDA for the period has surged 42.7% yoy to Rs 56 cr, driven by EBITDA margins shrinking by 309 bps to 15%, triggered by across the board surge in expenses with operating expenses for the period surging 78.7% yoy.
The company's net profit for the period has dropped 22.2% yoy to Rs 44 cr, driven by a 53.5% yoy increase in finance costs.
The company currently has a portfolio of 4 BOT projects and a strong EPC order-book of Rs 4579 cr.
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