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2025-11-15 02:21:28 pm | Source: Motilal Oswal Financial services Ltd
Company Update : KNR Construction Ltd by Motilal Oswal Financial Services Ltd
Company Update : KNR Construction Ltd by Motilal Oswal Financial Services Ltd

Dismal performance yet again

Earnings snapshot: 2QFY26

* Revenue declined 42.4% YoY to ~INR4.9b in 2QFY26 (16% below our estimate).

* EBITDA margin contracted 520bp YoY to 10.9% in 2QFY26 (vs our estimate of 13.4%).

* EBITDA declined 61% YoY to INR536 (against our estimate of INR785m).

* In line with weak operating performance, APAT decreased 81% YoY to INR279m (against our estimate of INR 550m).

* Current order book stands at ~INR78b.

* During 1HFY26, Revenue/EBITDA/APAT declined 42%/58%/69%, respectively.

 

 

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