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Broker's call: KNR Constructions (Buy) | Updated on CMP: ₹233.90 KNR Constructions has reported strong earnings which beat estimates driven by strong execution. Adjusted PAT grew 43.3 per cent y-o-y to ₹96.30 crore (estimate: ₹77.6 crore) and reported PAT after prior period taxes grew 14.5 per cent y-o-y to ₹77 crore. Order backlog including new HAM projects is robust at ₹11,400 crore (4.2x TTM revenue) and gives strong growth visibility. Management guidance on FY22 execution and margins was cautious given the disruption caused by Covid second wave and higher commodity prices. We ...

ICICI Direct has a buy call on KNR Constructions with a target price of Rs 270 for a time frame of 12 months. The current market price of KNR Constructions is Rs 233.35.

KNR Constructions rose 1.91% to Rs 221.50 after the company's consolidated net profit jumped 16.9% to Rs 87.26 crore on 35.7% increase in net sales to Rs 990.52 crore in Q4 March 2021 over Q4 March 2020. Profit before tax grew 70.1% to Rs 158.76 crore in Q4 FY21 as against Rs 93.35 crore in Q4 FY20. The net profit climbed 53.52% to Rs 375.40 crore on 18.43% increase in revenue from operations to Rs 2,903.63 crore in FY 2021 over FY 2020. Meanwhile, the board has recommended a final dividend of Rs 0.25 per equity share for the financial year ended 31 March 2021. KNR Constructions provides en...

Read more about KNR Constructions consolidated net profit rises 23.50% in the March 2021 quarter on Business Standard. Sales rise 35.66% to Rs 990.52 crore

COIMBATORE: Police on Monday arrested six men for stealing construction material on Trichy Road in the city. According to the Ramanthapuram police, the six accused were identified as Kabarkhan, 33, from Kottaipudur; A Sharukhan, 23, from Podanur; M Abdul Kadar alias Rohit, 28, from Kottaipudur; B Peer Mohammad, 23, from Ukkadam; S Mohammed Thariq, 20, from Kottaimedu; and M Balamurugan, 20, from Pullukadu near Ukkadam. They were arrested based on a complaint filed by the public relations officer of KNR Constructions Limited, A Raja, on Sunday. In his complaint, Raja said his company was in...