KNR Constructions Limited has announced significant developments, including receiving a Letter of Acceptance for an iconic bridge project across Mir Alam Tank in Hyderabad from Musi Riverfront Development Corporation Limited. This EPC mode project is valued at ₹319.2 crore (₹3,192 million excluding GST) and is expected to be completed within 24 months. Additionally, the company has received the completion certificate for its EPC project in Tamil Nadu, which involved the construction of an Elevated Highway along Avinashi Road in Coimbatore. The project's scheduled completion was 06-Sep-24, with a revised completion date of 07-Dec-25, and the certificate was issued on 08-Oct-25. In a strategic move, KNR Constructions has executed Share Purchase Agreements with Indus Infra Trust for the sale of its 100% shareholding in four Special Purpose Vehicles (SPVs). This transaction, expected to be completed by September 30, 2026, involves the company investing ₹566.8 crore (₹5,668 million) in the SPVs and receiving a total of ₹1,543.2 crore (₹15,432 million) in return. The company also provided an update on its order book as of December 31, 2025, standing at ₹8,848.8 crore (₹88,488 million), with ₹3,552.4 crore (₹35,524 million) from the mining sector, ₹2,742.8 crore (₹27,428 million) from irrigation and pipeline sectors, and ₹2,553.6 crore (₹25,536 million) from the roads sector. The company's financial performance for Q3 FY26 shows a standalone revenue of ₹585.06 crore (₹5,850.6 million), a decrease of 21% YoY, with EBITDA at ₹30.63 crore (₹306.3 million) and PAT at ₹17.63 crore (₹176.3 million). Consolidated revenue for Q3 FY26 was ₹743.2 crore (₹7,432.0 million), down 12% YoY, with EBITDA at ₹166.72 crore (₹1,667.2 million) and PAT at ₹102.72 crore (₹1,027.2 million). CRISIL Ratings has reviewed its ratings for the company's long-term and short-term bank facilities, maintaining them at CRISIL AA Stable and CRISIL A1+ respectively, removing them from 'Rating Watch with Developing Implications'.
