Knowledge Marine & Engineering Works earnings calls.

KMEW delivered an exceptional Q1 FY27 with revenue from operations of ₹115.41 croresCurrent reported value: ₹115.41 crores. No comparable prior figure is available in the source record., up 138Current reported value: 138. No comparable prior figure is available in the source record.% YoY, driven primarily by execution of two key dredging projects—capital dredging at JNPA and maintenance dredging at Pondicherry Port. EBITDA of ₹73.41 croresCurrent reported value: ₹73.41 crores. No comparable prior figure is available in the source record. expanded 258% YoY with a 64% EBITDA marginCurrent reported value: 64% EBITDA margin. No comparable prior figure is available in the source record., while PAT of ₹62.75 croresCurrent reported value: ₹62.75 crores. No comparable prior figure is available in the source record. grew 466Current reported value: 466. No comparable prior figure is available in the source record.% YoY. Management flagged that these margins reflect project-specific technical complexity and are not normalized guidance—long-term EBITDA guidance remains 35-40%. The order book stands at ₹1,300+ croresCurrent ₹1,300+ crores. Reported change: +diversified mix vs. prior periods. with a bid pipeline of ₹3,500+ croresCurrent ₹3,500+ crores. Reported change: high confidence conversion. (dredging ₹1,200 crores, charter hire ₹1,100 crores, ship building ₹1,400 crores). The company secured a ₹62.40 crore IWAI contract for 10 hybrid electric passenger ferries to be built at the Safal shipyard. FY27 revenue growth guidance was revised upward to 60%+ from initial 30-40%. Capex of ₹1,000 crores is planned over 18 months to support a ₹1,000 crore revenue target by FY29. Key risk is margin normalization as dredging volume mix shifts, and dependence on large project execution timing creates quarterly revenue volatility.