KNR Constructions is the top gainer on the BSE currently; opening 10.5% higher at Rs.313.80, the stock price rose to an intraday high at Rs.324.65, up 14.5%. Its 52-week high is at Rs.415.

The stock price has reacted positively to the fantastic Q2FY25 earnings. On a consolidated basis, the company posted a revenue of Rs.1945 crore, up 87% (YoY); EBITDA rose by a huge 276% to Rs.870 crore while margins doubled up from 22.3% to 44.7%. PAT for the quarter came in at Rs.580 crore, up 306%.

The company’s order book as 30^th Sept’24 stood at Rs.4406 crore of which Rs.2309 crore was from roads and Rs.2097 crore from irrigation and pipeline sector. Rs.1200 crore worth unrealised orders are mentioned – received recently, both are road projects in Mysore.