KNR Constructions Share Price Up 10%; Q2 FY25 PAT Up 4-Fold to ₹585 Crore

On November 12, 2024, KNR Constructions, an infrastructure development company, in its quarterly earnings reported a strong Engineering, Procurement, and Construction (EPC) order book of ₹44,060 million as of September 30, 2024. The company also reported higher revenue of ₹1,945 crore.

KNR Constructions Q2 Margin And Order Book Detail

KNR Constructions saw a 275% year-on-year increase in EBITDA, reaching ₹870 crore in the July-September quarter. Additionally, the company experienced an expansion in margins, which surged by 2,242 basis points (bps) to 44.7% during the same quarter.

In October 2024, KNR Constructions Ltd. entered into a Share Purchase Agreement (SPA) with JKM Infra Projects Limited and/or Mr. Gaurav Jalan (Promoter and Director of JKM Infra Projects Limited), for a transaction valued at ₹4.59 million, dated October 29, 2024.

KNR Constructions Shareholding Pattern

As of September 30, 2024, the shareholding pattern of KNR Constructions is as follows: Promoters hold 48.81%, Foreign Institutional Investors (FII) have 6.66%, Mutual Funds & AIFs and Insurance Companies own 30.47%, while the public and other shareholders hold 14.06%.

Among the non-promoter shareholders, key institutional investors include HDFC Mutual Fund with 8.18%, SBI Mutual Fund with 4.40%, and DSP Mutual Fund with 3.69%, collectively contributing a significant portion of the equity.

KNR Constructions Share Price Performance

On November 13, 2024, KNR Constructions share price traded 10% higher at ₹313 at 10:30 AM. It opened at ₹306.45 and touched the day high of ₹324.85 at 9:30 AM, on NSE.

About KNR Constructions

KNR Constructions is a prominent infrastructure development company recognised for its expertise in constructing highways, expressways, and bridges, especially within India. The company manages comprehensive project lifecycles, overseeing everything from design and planning to construction and long-term maintenance.

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