KNR Constructions Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Securities in F&O ban: GNFC, India Cement, Indus Tower, Punjab National Bank, and Steel Authority of India.

KNR Construction's promoter K. Narsimha Reddy sold 4.35 lakh shares between June 24 and 25.

Salasar Techno Engineering's promoter Kamlesh Gupta sold 21.4 lakh shares between June 19 and 24.

Patanjali Foods said Baba Ramdev and Acharya Balkrishna received notice from Kozhikode Court over advertisements relating to ayurvedic medicines from Divya Pharmacy. Ramdev and Balkrishna have been asked to appear in person or through counsel before the court on July 6.

PI Industries' announced an offer to acquire Plant Health Care Plc for a purchase consideration of about 32.8 million pounds, proposed to be paid in cash and funded via QIP proceeds. The consummation of the proposed acquisition, subject to UK regulations, is expected to be completed by the second quarter of FY25.

Sona BLW Precision Forgings received certification for traction motors for electric two-wheelers under the PLI Scheme for the automobile and auto component industry in India from the government.

PTC India Finance's board appointed R. Balaji as MD and CEO following RBI approval.

RVNL's JV with KRDCL received a letter of acceptance from Southern Railway for automatic signalling work in the Ernakulam-Trivandrum division in Kerala.

SJVN said SJVN Green Energy signed an agreement with AM Green Ammonia India for cooperation on the supply and sourcing of renewable energy for green ammonia plants.

Tata Communication transferred its identified new edged digital services business to unit Novamesh effective April 1.

Jubilant Ingrevia appointed Varun Gupta as CFO effective Aug. 12.

Dr Reddy’s Laboratories' Switzerland subsidiary will acquire NorthStar Switzerland and related portfolios from Haleon for an upfront cash consideration of 458 million pounds. It will pay an additional performance-based contingent of 42 million pounds in 2025 and 2026.

JSW Energy's unit JSW Neo Energy signed a power purchase agreement through its subsidiaries for 1,325 megawatts of renewable energy projects likely to be commissioned in the next 21-24 months.

lTD Cementation secured a new marine contract worth Rs 1,082 crore for constructing the Third Berth (Jetty) and specified additional works in Gujarat.

KEC International received a new order worth Rs 1,025 crore for its transmission and cable business.

Ramky Infrastructure received two contracts worth Rs 107 crore and Rs 23 crore from PowerGrid Energy Services.

Navin Fluorine's board will meet on June 29 to discuss the Rs 750 crore fundraise.

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KNR Constructions announced that the Board of Directors of the Company at its meeting held on 29 May 2024, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

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Revenue from operations rose 13.54% year on year (YoY) to Rs 1,414 crore in the quarter ended 31 March 2024.

Consolidated profit before tax (PBT) stood at Rs 422.16 crore in March 2024 quarter, rising by 125.43% from Rs 187.27 crore in same quarter last year.

EBITDA grew 52% YoY to Rs 374.52 crore during the quarter. EBITDA margin improved to 26.5% in Q4 FY24 from 19.8% in Q4 FY23.

On full year basis, the infrastructure developer reported 71.21% jump in consolidated net profit to Rs 752.30 crore on 9.04% rise in revenue from operations to Rs 4,429.49 crore in FY24 over FY23.

As of 31 March 2024, KNR Construction recorded an order book of Rs 5,304.8 crore out of which Rs 3,198 crore is from road sector and Rs 2,106.8 crore is from irrigation sector.

Meanwhile, the board recommended a final dividend of Re 0.25 per equity share for the financial year ended 31 March 2024, subject to the approval by the shareholders.

KNR Constructions is a multi domain infrastructure development organization and executes the construction of technically complex and high value projects across segments.

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Net profit of KNR Constructions rose 139.90% to Rs 353.30 crore in the quarter ended March 2024 as against Rs 147.27 crore during the previous quarter ended March 2023. Sales rose 13.54% to Rs 1414.00 crore in the quarter ended March 2024 as against Rs 1245.33 crore during the previous quarter ended March 2023.

For the full year,net profit rose 69.73% to Rs 777.40 crore in the year ended March 2024 as against Rs 458.01 crore during the previous year ended March 2023. Sales rose 9.04% to Rs 4429.49 crore in the year ended March 2024 as against Rs 4062.36 crore during the previous year ended March 2023.

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