KNR Constructions Q1 - Robust Order Book Provides Healthy Revenue Visibility: Axis Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.KNR Constructions Ltd. reported a healthy set of Q1 FY23 numbers, leveraging its execution capabilities. The company reported revenue of Rs 891 crore, up 20% YoY, Ebitda of Rs 165 crore, up 15% YoY, and adjusted profit after tax of Rs 101 crore, up 38% YoY. It registered an Ebitda margins of 18.5% in Q1 FY23 (our estimate: 18.7%) against 19.4% in Q1 FY22. Hybrid annuity model projects in the road sector have been the major revenue contributor (40%) in this quarter, 35% by irrigation, 20% by engineering, procurement and construction and 5% back to back sub-contarcting. KNR Construction has an order book of Rs 8,586 crore (as of June 30 2022), implying revenue visibility of over two-three years. The road sector is gaining significant traction on account of the central government's proactive push for infrastructure development and incumbents like KNR Constructions are likely to be the key beneficiaries of the structural growth opportunities available in the sector..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KNR Constructions Q1 - Robust Order Book Provides Healthy Revenue Visibility: Axis Securities

KNR Constructions Q1 - Robust Order Book Provides Healthy Revenue Visibility: Axis Securities

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