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Entry Price

222.00

Target

270.00

Recommend Date

14-02-2021

Return

21.62 %
BUY

Date : 14-02-2021

KNR Constructions reported a robust set of Q3FY21 numbers wherein standalone revenue improved 23% YoY to | 686.3 crore, reflecting the sharp pick-up in execution aided by healthy order book position and normalisation of labour availability/raw material supply chain post Covid-19 related disruptions. Furthermore, EBITDA margins, at 19.7%, were down 258 bps YoY, on account of project mix. At the PAT level, robust operating performance coupled with lower depreciation expense translated to 93% YoY growth to | 77.6 crore.