Shares of KNR Constructions Ltd slipped 1.61% to Rs 173.99 on Thursday, November 13, following the company’s weak second-quarter earnings for FY26.
The infrastructure firm reported a steep 76.3% year-on-year decline in consolidated net profit to Rs 104.65 crore for the quarter ended September 2025, compared to Rs 441.47 crore in the same period last year.
Revenue from operations fell 66.8% YoY to Rs 646.5 crore from Rs 1,944.8 crore in Q2 FY25, largely due to lower project execution and the absence of one-time income that boosted last year’s numbers.
EBITDA dropped 77.8% YoY to Rs 192.82 crore, down from Rs 869.89 crore in the year-ago period, while EBITDA margin moderated to 29.83% from 44.73%. The management attributed the sharp decline to a high base effect, as the previous year’s results included a one-off gain on asset monetisation.
The company continues to focus on its core EPC projects but faces pressure from the slowdown in new order inflows and the completion of major contracts in earlier quarters.
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