KNR Construction: stock tanks despite strong topline performance in Q3FY17.
Bhagyashree Vivarekar / 13 Feb 2017
The company reported total sales of Rs. 382.28 crore for Q3FY17, which represents a 2.35 per cent sequential increase and 74.92 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 41.11 crore and its EBIT margin was 10.75 per cent.
The company reported PAT of Rs 30.67 crore, which represents a sequential QoQ decline of 30.17 per cent and a YoY decline of 9.98 per cent.
The company's stock opened at Rs 183.85 on the BSE and fell 2.2 per cent after the results were declared. It is currently trading around Rs 178.
KNR Constructions Ltd (KNRCL) is an Indian construction company operating in construction and engineering activities. KNRCL is engaged in work contracts and specialises in roads and bridges and other infrastructure projects, such as irrigation projects.
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