KNR Constructions announced that the Board of Directors of the Company at its meeting held on 29 May 2023, 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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Net profit of KNR Constructions rose 5.83% to Rs 147.27 crore in the quarter ended March 2023 as against Rs 139.16 crore during the previous quarter ended March 2022. Sales rose 13.00% to Rs 1245.33 crore in the quarter ended March 2023 as against Rs 1102.09 crore during the previous quarter ended March 2022.

For the full year,net profit rose 19.95% to Rs 458.01 crore in the year ended March 2023 as against Rs 381.84 crore during the previous year ended March 2022. Sales rose 12.66% to Rs 4062.36 crore in the year ended March 2023 as against Rs 3605.82 crore during the previous year ended March 2022.

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Net profit of KNR Constructions rose 14.02% to Rs 128.60 crore in the quarter ended March 2023 as against Rs 112.79 crore during the previous quarter ended March 2022. Sales rose 16.31% to Rs 1175.59 crore in the quarter ended March 2023 as against Rs 1010.74 crore during the previous quarter ended March 2022.

For the full year,net profit rose 30.65% to Rs 498.83 crore in the year ended March 2023 as against Rs 381.80 crore during the previous year ended March 2022. Sales rose 14.40% to Rs 3743.80 crore in the year ended March 2023 as against Rs 3272.59 crore during the previous year ended March 2022.

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KNR Constructions announced that CRISIL has upgraded its outlook on the long term bank facilities of KNR Constructions (KNRCL) from AA-/Positive to AA/Stable. The short-term rating is re-affirmed at 'CRISIL A1+'.

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