KNR Constructions' Profit in March Quarter Down by 63%
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
KNR Constructions Limited reported a steep decline in its standalone profitability for Q4 FY25 despite a robust order book and operational achievements during the quarter.
Key Financial Highlights
| Metric | Q4 FY25 | Q4 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹8,512 Mn | ₹13,145 Mn | -35% |
| EBITDA | ₹1,175 Mn | ₹2,141 Mn | -45% |
| EBITDA Margin | 13.8% | 16.3% | -250 bps |
| Profit After Tax (PAT) | ₹752 Mn | ₹1,982 Mn | -63% |
Despite the Q4 slump, the full-year FY25 standalone PAT jumped 47% YoY to ₹7,257 Mn, aided by other income and better cost efficiency on an annual basis. EBITDA margin improved by 150 bps to 18.6% for the year.
Consolidated Results
On a consolidated basis, KNR Constructions reported a 98% YoY drop in Q4 PAT to ₹75.9 Mn, primarily due to an exceptional loss of ₹1,256 Mn. However, full-year consolidated PAT stood at ₹10,018.6 Mn, up 33% YoY.
| Metric | FY25 (Consol.) | FY24 (Consol.) | YoY Change |
|---|---|---|---|
| Revenue | ₹47,532 Mn | ₹44,295 Mn | +7% |
| EBITDA | ₹16,254 Mn | ₹10,478 Mn | +55% |
| EBITDA Margin | 34.2% | 23.7% | +1,054 bps |
| Profit After Tax (PAT) | ₹10,019 Mn | ₹7,523 Mn | +33% |
Operational Updates
- Appointed Dates Received: For two new HAM road projects (Packages IV and V of the Mysore–Kushalnagara section of NH-275) in Karnataka in April 2025.
- Early Completion Bonus: KNR Ramagiri Infra completed the Chittoor–Thatchur Highway project 40 days ahead of schedule, earning a bonus of ₹3.26 Cr plus GST.
- Asset Monetization: Completed the transfer of its stake in KNR Muzaffarpur Holdings Pvt Ltd and KNR Muzaffarpur–Barauni Tollway Pvt Ltd, realising ₹46.9 lakh in total.
Order Book Position
As of March 31, 2025, KNRCL’s order book stood at ₹5,051.8 crore, with the following segment-wise breakdown:
- Roads Sector: ₹2,561.1 crore
- Irrigation & Pipeline Sector: ₹2,490.7 crore
- HAM Projects (Captive): 16% of order book
Geographically, over 60% of the projects are concentrated in Andhra Pradesh, Telangana, and Karnataka.
Management Commentary
While no specific quote was included in the investor presentation, the company reiterated its strategy to:
- Execute all projects on or ahead of schedule
- Focus on projects requiring high engineering skills
- Leverage JV partnerships for growth
- Target EPC contracts from reputed clients
- Capitalize on India’s infrastructure development momentum
Balance Sheet & Liquidity
The company reported zero debt on a standalone basis, continuing its asset-light balance sheet strategy. Net worth surged to ₹39,450 Mn as of March 2025, up from ₹32,257 Mn in the previous year. Cash and cash equivalents stood at ₹811.7 Mn.
Shareholding Snapshot (as on March 31, 2025)
- Promoters: 48.81%
- Mutual Funds, AIFs & Insurance: 28.32%
- FIIs: 6.91%
- Public & Others: 15.96%
Top institutional investors include HDFC MF (8.2%), SBI MF (4.31%), and DSP MF (3.57%).
KNR Constructions continues to maintain a strong execution track record and debt-free status, with a diversified presence in roads and irrigation. However, the recent earnings volatility underscores the importance of consistent project monetization and cost control amid sectoral challenges.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/KNRCON_29052025222717_InvestorPresentationMay2025.pdf
