KNR Constructions earnings calls.

KNR Constructions reported a disappointing Q3 FY26 with standalone revenue of ₹585 croreCurrent reported value: ₹585 crore. No comparable prior figure is available in the source record. and sharply compressed EBITDA margin of 5.2%Current reported value: 5.2%. No comparable prior figure is available in the source record. (vs ~9.6% YTD), driven by subcontract cost inflation (₹170 crore of ₹216 crore subcontract expense from irrigation back-to-back projects yielding only 3-4% margins), near-completion projects with fixed overhead, and a ₹20 crore additional cost from NH66 viaduct construction. The order book stands at ₹8,849 croreCurrent ₹8,849 crore. Reported change: Diversified across 4 segments., but execution visibility is weak with FY27 revenue guidance maintained at only ₹2,000 croreCurrent reported value: ₹2,000 crore. No comparable prior figure is available in the source record. based on existing projects—excluding the delayed 3,500 crore mining project. The company targets ₹10,000-12,000 crore order inflows by September 2027, requiring aggressive bidding in NHAI and state projects amid intense competitive pressure requiring 2-3% margin dilution. Management expects FY28 to be "very bright" with potential revenue of ₹4,500 crore if new orders materialize. The asset monetization of 4 HAM SPVs for ₹1,543 crore will reduce consolidated debt to ~₹500 crore post-close.