Construction companies have seen a strong rebound in fortunes during the past few quarters. As order inflows remained strong, the pick up in execution drove earnings. In line with the trend, KNR Constructions Ltd reported strong Q4 performance with revenue growth of 39% year-on-year. The company’s Ebitda grew 24% year-on-year with net profit rising 15% year-on-year.
There was some softness in margin amid the significant rise in operating expenses and increasing commodity prices. Nevertheless, overall performance was ahead of expectations, said analysts.
KNR reported revenue and Ebitda ahead of estimates, said analysts at HDFC Securities Ltd. Adjusting for the ₹19.3 crore taxes from previous years, net profit at ₹96.3 crore reflected a 23% beat, said analysts.
