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Axis Securities Report
KNR Constructions Ltd. achieved a turnover of Rs 3,273 crore in FY22, delivering an impressive growth of 21% YOY. The company’s Ebitda margin for the year stood at 20.7% as against 19.8% in FY21.
Its net profit stood at Rs 382 crore as against Rs 244 crore in FY21, implying a robust growth of 57% YoY. Moreover, the company has a healthy book-to-bill ratio of 2.75 times of FY22 revenue.
As on March 31, 2022, the company has an outstanding order book position of Rs 9,000 crore. Engineering, procurement and construction road projects and hybrid-annuity-model projects constituted 75% of the total order book while irrigation projects constituted the remainder 25%.
Currently, KNR Constructions is executing eight HAM projects with a total bid project cost of Rs 11,598 crore and aims to bag sizable orders with decent margins in FY23.
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