KNR Constructions makes Lifetime High on Back of Strong Order

Book
KNR Constructions share
price
gave
a
robust
movement of more than 9
per cent intraday and went
on to make a new lifetime
high of Rs 725.00 on the
back of strong Q1 results.
A spurt in Volume by more
than 7.64 times have been
noticed in today's trading
session.
KNR
Constructions
announced that it has
strong
engineering,
procurement and construction (EPC) order book position amounting to Rs 4,258 crores as on
30th June, 2016 (First Quarter of FY17) comprising of Rs 3,528 crores in roads sector along
with Rs 730 crores in irrigation business.
On 8th August 2016, KNR Constructions declared that it bagged orders worth Rs 1334.70
crores towards 4 laning of Hubli-Hospet section of NH-63 in the state of Karnataka. Since
then, the stock risen 21 per cent gradually from Rs 600.
In the meantime, the company has also reported a healthy 87 per cent year on year (YoY)
jump in standalone net profit at Rs 30 crores for Q1 of FY17, on the back of strong revenue
growth. It had profit of Rs 16 crores in the same quarter of the previous year.

Total revenue of the Company grew 77 per cent on a yearly to Rs 303 crores from Rs 171
crores in the same quarter of the previous year. KNR Constructions reported that the growth in
turnover during the current quarter of financial year due to execution of the orders received in
last year is now contributing to the top line.

www.dynamiclevels.com

Page 1

The EBITDA (earnings before interest, depreciation and taxes) margin of the Company
remained unchanged at 14.4 per cent. KNR Constructions share price is currently trading at
Rs 685.10, up by 6.90 per cent. The share opened at Rs 645.00 from a previous closing of Rs
640.85. The intraday low of the Company was Rs 644.00.

www.dynamiclevels.com

Page 2

Disclaimer

The investment advice or guidance provided by way of recommendations, reports or other ways
are solely the personal views of the research team. Users are advised to use the data for the
purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also
engaged in Investment Advisory Services and Portfolio Management Services. Dynamic
Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our
activities were neither suspended nor we have defaulted with any stock exchange authority with
whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection
and based on their observations have issued advise letters or levied minor penalty on for certain
operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
DYNAMIC/its Associates/ Research Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject
company.

Do not have any other material conflict of interest at the time of publication of the
research report

Have not received any compensation from the subject company in the past twelve months

Have not managed or co-managed public offering of securities for the subject company.

Have not received any compensation for brokerage services or any products / services or
any compensation or other benefits from the subject company, nor engaged in market
making activity for the subject company

Have not served as an officer, director or employee of the subject company

www.dynamiclevels.com

Page 3