KNR Constructions announced securing a new Musi Riverfront project worth ₹3,192 Mn, along with Q3 and 9M financial results. Q3 revenue stood at ₹5,851 Mn, EBITDA at ₹306.3 Mn, and PAT at ₹176.3 Mn. The company also executed Share Purchase Agreements for the sale of SPVs to Indus Infra Trust. It is expected to invest ₹5,668 Mn in the SPVs and receive ₹15,432 Mn through this transaction.
New Project Acquisition
KNR Constructions has secured a Letter of Acceptance for a new project from Musi Riverfront Development Corporation Limited. The project involves constructing an iconic bridge across Mir Alam Tank, connecting Bengaluru National Highway at Shastripuram to Chintalmet under EPC mode. The project is valued at ₹3,192 Mn (excluding GST) with a construction period of 24 months.
Q3 and 9M Financial Performance
The company announced its financial results for the third quarter (Q3) and the nine-month period ending December 31, 2025.
Q3 FY26 Highlights:
- Revenue: ₹5,851 Mn
- EBITDA: ₹306.3 Mn with a margin of 5.2%
- Profit After Tax (PAT): ₹176.3 Mn with a margin of 3.0%
9M FY26 Highlights:
- Revenue: ₹15,614 Mn
- EBITDA: ₹1,498 Mn with a margin of 9.6%
- Profit After Tax (PAT): ₹968.2 Mn with a margin of 6.2%
SPV Sale to Indus Infra Trust
KNR Constructions has executed Share Purchase Agreements (SPAs) with Indus Infra Trust for the proposed sale of its 100% shareholding (including Sub Debt) in four Special Purpose Vehicles (SPVs). The company expects to invest ₹5,668 Mn in these SPVs and receive a total sum of ₹15,432 Mn through this transaction.
Other Key Updates
- Completion Certificate received for the EPC project in Tamil Nadu, involving the construction of an elevated highway along Avinashi Road in Coimbatore city.
- CRISIL has reviewed and reaffirmed its ratings for KNR Constructions, with a CRISIL AA Stable rating for long-term bank facilities and a CRISIL A1+ rating for short-term facilities.
Source: BSE
