KNRCON

Q1 FY 2026 Financial Performance (Quarter Ended June 2025)

Consolidated Results: Revenue: ~₹638 cr, down ~36–38% YoY and ~59% QoQ. Net Profit: ~₹123–124 cr, down ~28–26% YoY and ~64% QoQ. Net Profit Margin: ~19 %, an improvement over the prior year. Standalone Performance: Revenue: ₹483 cr, down from ₹851 cr YoY. EBITDA: ₹66 cr (13.6% margin), significantly lower than last year. Net Profit: ₹51 cr. EPS: Around ₹4.4–4.5. Key Balance Sheet & Order Book Metrics: Order Book: ₹8,030–8,305 cr. Composition: ~43% mining (primarily the new ₹4,800 cr NTPC coal block), with the rest in HAM roads, irrigation, pipelines. Net Debt: ₹2,018 cr (up from ₹1,847 cr). Working Capital Days: Improved to 69 from 93. FY 2026 Revenue Guidance was revised down to ₹2,000–2,500 cr, from an earlier ₹2,500–3,000 cr. Management highlighted a slow start to new project execution, the impact of a one-month bidding halt, and emphasized plans to monetize HAM assets and diversify into metro, rail, and solar. 3. Market & Analyst Sentiment A SEBI-registered analyst issued a “avoid” recommendation, citing steep declines in sales, profit, margins, and a sharp rise in interest costs. The share price has been in a sideways range, trading below its 200-day moving average, with weak technical momentum.