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Q4FY21 Result Update - KNR Constructions - ICICI Direct



Posted On : 2021-05-23 11:23:54( TIMEZONE : IST )

Q4FY21 Result Update - KNR Constructions - ICICI Direct

KNR Constructions reported a healthy performance in Q4FY21 wherein standalone revenue improved 38.5% YoY to Rs. 935.8 crore aided by a) its strong order book position, b) receipt of appointed date in most of its projects and c) normalisation in labour availabilities and smoothening of raw material supply chain. Also, its operating profit margin was at an elevated 19.5%, down 227 bps YoY, on account of better project mix led by higher contribution by HAM and irrigation projects. Strong operating performance coupled with lower interest expense translated into healthy 72.8% YoY growth (to Rs. 148.5 crore) in PBT. However, PAT improved 14.5% YoY to Rs. 77 crore mainly impacted by higher tax to utilise MAT credit.

For details, click on the link below: Link to the report

Shares of KNR CONSTRUCTIONS LTD. was last trading in BSE at Rs.227.6 as compared to the previous close of Rs. 217.35. The total number of shares traded during the day was 258086 in over 8281 trades.

The stock hit an intraday high of Rs. 229.9 and intraday low of 215. The net turnover during the day was Rs. 58130607.

Source : Equity Bulls

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