Q4 2024 KNR Constructions Ltd Earnings Call Transcript
Key Points
- KNR Constructions Ltd (BOM:532942) reported a 14% year-on-year growth in total revenues for Q4 FY24, reaching INR1,410 crore.
- The company achieved an EBITDA margin of 23.7% for FY24, indicating strong operational efficiency.
- KNR Constructions Ltd (BOM:532942) has a robust order book position of INR6,505 crore, providing visibility for the next 1.5 years.
- The company is targeting an order inflow of INR5,000 crore to INR6,000 crore for FY25, indicating a positive outlook for future growth.
- KNR Constructions Ltd (BOM:532942) is exploring new sectors such as metro, tunneling, railway, mining, and solar to diversify its project portfolio and mitigate risks.
- Net profit for Q4 FY24 decreased to INR98 crore from INR129 crore in Q4 FY23, indicating a decline in profitability.
- The company has significant receivables from the Telangana government amounting to roughly INR800 crore, which could impact cash flow.
- KNR Constructions Ltd (BOM:532942) made provisions towards impairment of equity and doubtful advances, impacting its financial results.
- The company faces challenges in executing projects due to delays in receiving appointed dates for HAM projects and issues with land acquisition.
- There is uncertainty regarding the payment of pending receivables from irrigation projects, which has led to legal actions and could affect project execution.
Ladies and gentlemen, good day and welcome to KNR Constructions Limited Q4 FY24 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectation of the company as the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) I now hand the conference over to Mr. K. Venkata Ram Rao, GM Finance and Accounts, KNR Construction Limited. Thank you and over to you sir.
Good afternoon. Thank you for joining us today on the call to discuss the financial results for the Q4 FY24 and FY 2024, along with me, I have Mr. Jallandhar Reddy, Director and Strategic Growth Advisors, our Investor Relations Advisers. We have uploaded results in the investor presentation on the stock exchanges as well as on our company website. I hope everyone got an opportunity to go through it. We would like to touch upon
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