Order Inflow Target: Rs 8,000-10,000 crore by FY26
Management targets Rs 5,000-6,000 crore from NHAI projects (expected to resume January 2025) and Rs 3,000-4,000 crore from state government projects including irrigation and EPC road contracts.
KNRCON / guidance tracker
Keep management guidance in view.
KNR Constructions · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
Revenue Guidance: Rs 800-900 crore in H2 FY26
Based on current order book execution pace and expected certification of irrigation unbilled work (Rs 300-350 crore in Q3-Q4), H2 revenues are guided at Rs 800-900 crore.
EBITDA Margin: 13-14% achievable at normalized execution
Current quarter margins impacted by one-off provisions (Rs 10 crore director remuneration, Rs 10 crore Kerala project provision). Target margin of 13-14% is achievable as execution normalizes.
Mining Project Revenue: Rs 90 crore in FY27 (development phase)
Mining project with total value Rs 3,500 crore expected to commence execution in 9-12 months with initial development capex of Rs 90 crore. Revenue recognition will begin after 12-month development period.
FY27 Revenue Target: ₹2,000 crore
Based on existing executable order book of ₹4,300 crore (excluding delayed mining). Q4 FY26 expected to add only ~₹450 crore, implying sharp sequential decline from Q3.
FY28 Revenue Potential: ₹4,500 crore
Management expects recovery to ₹4,500 crore if new project awards materialize in FY27, given 6-8 months from award to execution start.
Order Inflow Target: ₹10,000-12,000 crore by September 2027
₹7,000-8,000 crore already bid (outcome awaited); ₹30,000-40,000 crore identified for future bidding across NHAI, state highways, irrigation, railways, and metro.
EBITDA Margin Outlook: 9-10% in FY27, ~13% in FY28
FY27 margins to remain compressed at 9-10% due to low execution (projects launching in Q3-Q4). FY28 expected to normalize to ~13% with full-year contribution from new projects.