ResultsCNBC-TV18
KNR Constructions Q2 profit falls 2.4% to ₹102 crore
Negative-66Company event
GreyOak summary
KNR Constructions reported a 2.4% decline in Q2 net profit to ₹102.2 crore and a 7.2% revenue drop to ₹600.2 crore. EBITDA contracted 23.5% to ₹147.4 crore. The company recognized an exceptional gain of ₹55.48 crore from asset monetization but faced a ₹96.10 crore modification loss. Trade receivables related to the stalled Kaleswaram project remain at ₹1,380.95 crore.
What it affects
- KNR ConstructionsKNRCONNegative -66
Profit fell 2.4% to ₹102 croreRolling sentiment Negative -41
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