The company said its board will meet on Friday, December 18, 2020, to consider a maiden bonus share.
About Company
KNR CONSTRUCTIONS LIMITED KNRCL is a multi domain infrastructure development organization with more than 2 decades of experience and executes the construction of technically complex and high value projects across segments such as. Express ways. National Highways. Flyovers. Bridges and Viaducts.
Meeting Schedule
The meeting of the board of directors of the Company is scheduled to meet on Friday i.e, 18th December,2020 at 12:30 P.M at Hyderabad inter alia to consider declaration of bonus shares and other related issues.
Company’s Financial
In Q2 FY21, KNR Construction outperformed in terms of execution by reporting revenue 15 per cent above analyst estimates.
EBITDA margin remained strong on account of the rising share of higher margin irrigation projects (23 per cent of total revenue in Q2FY21), resulting in a strong beat on earnings.
Order book stood strong at Rs 8,550 crore, implying OB/revenue at 3.7x and providing healthy revenue visibility, Motilal Oswal Securities said in result update.
Stock Market Impact
Shares of KNR Constructions rose 7 per cent to Rs 318 on the BSE on Tuesday early morning trade.
The stock of the construction & engineering company hit a 52-week high of Rs 319.85, on December 4.
Currently, it is trading 1.14 percent below its 52-week high and 84.21 percent above its 52-week low.
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