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CRISIL Research has come out with its report on KNR Constructions. The research firm has assigned a fundamental grade and valuation grade of 3/5 to the company.
KNR Constructions Ltd’s (KNR’s) Q1FY15 results were above CRISIL Research’s estimates due to higher-than-expected revenues and lower tax expense. Revenues grew 13.9% y-o-y to ?2,365 mn on account of faster execution of projects. EBITDA margin contracted by 68 bps y-o-y and 116 bps q-o-q to 13.1% due to higher sub-contracting expenses
For more information ✆ - 0731-6642300 or Visit http://ift.tt/1doLhaI
KNR Constructions Ltd’s (KNR’s) Q1FY15 results were above CRISIL Research’s estimates due to higher-than-expected revenues and lower tax expense. Revenues grew 13.9% y-o-y to ?2,365 mn on account of faster execution of projects. EBITDA margin contracted by 68 bps y-o-y and 116 bps q-o-q to 13.1% due to higher sub-contracting expenses
For more information ✆ - 0731-6642300 or Visit http://ift.tt/1doLhaI
Posted in: Indian Market Tips
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