Rs 6,265.30 crore order book: This civil construction company announces stellar quarterly results and dividend!

The stock gave multibagger returns of 132 per cent in 3 years and over 2,700 per cent in a decade.

KNR Constructions Ltd, a leading civil construction company announced its Quarterly Results ended June 30, 2023. Details Below:

Financial Highlights for the Q1FY24: 

• Total Revenue stood at Rs 981.01 crore, up 0.06 per cent over Q1FY23. 
• Operating profit stood at Rs 223.32 crore, up 0.88 per cent over Q4FY22.  
• Profit After Tax (PAT) stood at Rs 127.88 crore, up 38.60 per cent over Q4FY22.  
• The EPS for Q4FY23 is Rs 4.88.

•   Furthermore, the company have declared a dividend of Rs 0.25 per share with a face value of Rs 2 each. The company fixed the record date for dividend as September 09, 2023.

Additionally, the company’s order book stands at Rs 6,265.30 crore as of June 30, 2023 (Road Sector: Rs 4,678.8 crore and Irrigation Sector: Rs 1,586.5 crore).

According to the annual results, total revenue stood at Rs 4,062.36 crore, up 12.66 per cent, EBITDA stood at Rs 953.99 crore, up 13.10 per cent and Profit After Tax (PAT) stood at Rs 440.22 crore, up 24.04 per cent in FY23 compared to FY22.

On Wednesday, shares of KNR Construction Ltd plunged 3.98 per cent to Rs 242.45 per share with an intraday high of Rs 256.05 and an intraday low of Rs 242. The stock has a 52-week high of Rs 280.50 and a 52-week low of Rs 202.85.

KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects. The stock has a PE of 15.4x and a ROE of 21 per cent. The stock gave multibagger returns of 132 per cent in 3 years and over 2,700 per cent in a decade. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.