On Wednesday, November 13, intraday trading saw a 14.31% increase in shares of KNR Constructions, a prominent supplier of engineering, procurement, and construction (EPC) services, reaching a three-week high of ₹324.65 per share.
The company’s impressive success in the September quarter was followed by a surge in the stock price. KNR’s consolidated revenue increased by 87% year over year (YoY) to ₹1,944.86 crore. Operating margins improved by 2,246 basis points to 44.7%, and operating profit increased 276% year over year to ₹869 crore from ₹231 crore.
Profit after tax (PAT) increased from ₹142 crore to ₹580 crore, a 306% increase from the previous year. Additionally, there was a 249% sequential growth over the June quarter, when the net profit was ₹165 crore. The overall order book for the company as of the end of September 2024 was ₹4,406 crore.
According to the company’s Q2 earnings report, the road (HAM) segment made up 33% of the order book, followed by the irrigation and pipeline sectors with 23% and 25%, respectively, and other road projects with the remaining portion.
KNR Constructions Share Price Performance
The share price of KNR Constructions increased by 10% at 10:30 AM on November 13, 2024, to ₹313. At 9:30 AM on the NSE, it peaked at ₹324.85 after opening at ₹306.45.
About the Company – KNR Constructions
KNR Constructions Limited is an infrastructure development firm with its headquarters in India. The business is involved in building flyovers, highways, bridges, and irrigation projects. The company offers engineering, procurement, and construction (EPC) services in a number of industries, including irrigation, urban water infrastructure management, and roads and highways. Its initiatives include urban development, river crossings, irrigation and water management, and transportation construction. Waterworks, sewage systems, and flyovers are all part of its urban expansion. Challaghatta Main Valley Project (Package CVD-II) is a current urban development project. In Bangalore City’s Challaghatta Main Valley, this project entails renovating bridges, culverts, primary and secondary storm drains, and associated infrastructure.
