Share of engineering, procurement, and construction (EPC) company KNR Construction (NSE: KNRCON) is in focus today, Wednesday, November 13.
The company’s share saw a gain of up to 15% today and the stock reached an intraday high of Rs 324.65.
The September quarter results are behind this rise in the shares. Actually, the company has presented excellent results in the quarter ended September.
What Is The Detail
KNR recorded an 87% increase in consolidated revenue year-on-year (YoY) to ₹ 1,944.86 crore. Operational profit grew 276% year-on-year from ₹ 231 crore to ₹ 869 crore.
Margin improved by 2,246 basis points to 44.7%. Profit after tax (PAT) grew 306% to ₹ 580 crore from ₹ 142 crore a year ago.
It witnessed an improvement in the sequential rate of 249% when compared to the June quarter in which the net gain was Rs165 crore.
Let us tell you that the total order book of the company stood at ₹4,406 crore as of the end of September 2024.
In the second quarter profit report roads (HAM) segment added 33% of the book of orders.
Whereas the pipeline and irrigation sectors made up 23 to 25 percent respectively, and other road projects made up the remainder.
The State Of Shares Issued By The Company
Over the past four years, the shares of the company have increased to Rs124.65 up to its current price of Rs320.80 and a rise of 157 percent.
Earlier in September, a local brokerage firm retained its ‘accumulate rating on the stock and increased the price target to 336 rupees per share.
Quick Fact
| Company name | KNR Construction |
|---|---|
| Sector | EPC (Engineering, Procurement, Construction) |
| Date | November 13 |
| Share Gain Today | Up to 15% |
| Intraday High | ₹324.65 |
| Quarter | September |
| Performance | Excellent |
| Result Impact | Rise in shares |
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