Board Meeting Details

The Board of Directors meeting was held on 13th November 2026, commencing at 2:30 PM and concluding at 4:30 PM. The meeting approved:

  • Unaudited financial results (standalone and consolidated) for quarter and half year ended 30th September 2026
  • Limited Review Report for the said period

Key Financial Figures - Standalone (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹78,965.70
  • Other Income: ₹1,465.01
  • Total Income: ₹80,430.71
  • Profit Before Exceptional Items and Tax: ₹3,708.89
  • Exceptional Items (Income): ₹(28,253.87) - Profit from subsidiary sales
  • Profit Before Tax: ₹32,962.76
  • Tax Expense: ₹4,886.45
  • Current Tax: ₹3,528.60
  • Tax relating to earlier years: ₹-
  • Deferred Tax: ₹957.89
  • Net Profit After Tax: ₹28,076.31
  • Basic EPS: ₹9.98
  • Diluted EPS: ₹9.98

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹145,254.66
  • Other Income: ₹1,857.38
  • Total Income: ₹147,112.04
  • Profit Before Exceptional Items and Tax: ₹5,450.67
  • Exceptional Items (Income): ₹(57,786.93) - Profit from subsidiary sales
  • Profit Before Tax: ₹63,237.60
  • Tax Expense: ₹10,933.15
  • Net Profit After Tax: ₹52,304.45
  • Basic EPS: ₹20.02
  • Diluted EPS: ₹20.02

Key Financial Figures - Consolidated (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹60,020.04
  • Other Income: ₹1,643.27
  • Total Income: ₹61,663.31
  • Profit Before Exceptional Items and Tax: ₹10,186.67
  • Exceptional Items (Income): ₹(5,548.02) - Profit from subsidiary sales
  • Profit Before Tax: ₹15,734.69
  • Tax Expense: ₹5,609.53
  • Net Profit After Tax: ₹10,125.16
  • Share of profit of associates and joint controlled entity: ₹85.68
  • Net Profit After Tax and share of profit: ₹10,210.84
  • Basic EPS: ₹3.63
  • Diluted EPS: ₹3.63

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹118,814.51
  • Other Income: ₹2,843.91
  • Total Income: ₹121,658.42
  • Profit Before Exceptional Items and Tax: ₹14,660.64
  • Exceptional Items (Income): ₹(16,865.09) - Profit from subsidiary sales
  • Profit Before Tax: ₹31,525.73
  • Tax Expense: ₹14,043.83
  • Net Profit After Tax: ₹17,481.90
  • Share of profit of associates and joint controlled entity: ₹801.40
  • Net Profit After Tax and share of profit: ₹18,283.30
  • Basic EPS: ₹6.51
  • Diluted EPS: ₹6.51

Subsidiary Transactions

During quarter ended June 30, 2026 and half year ended September 30, 2026:

  • Transferred 100% equity share capital in two subsidiaries (KNR Palani Infra Private Limited & KNR Ramagiri Infra Private Limited) to Indus Infra Trust
  • Consideration: ₹43,248.37 lakhs against invested amount of ₹14,714.31 lakhs (Equity and Subordinated Debt)
  • Resultant profit: ₹28,533.06 lakhs shown as Exceptional Items in standalone results
  • For consolidated results: Resultant profit of ₹11,317.07 lakhs shown as Exceptional Items, plus modification loss of ₹9,610.18 lakhs shown in Other expenses

During quarter and half year ended September 30, 2026:

  • Transferred 100% equity share capital in KNR Guruvayur Infra Private Limited to Indus Infra Trust
  • Consideration: ₹48,585.88 lakhs against invested amount of ₹19,332.00 lakhs (Equity and Subordinated Debt)
  • Resultant profit: ₹26,253.88 lakhs shown as Exceptional Items in standalone results
  • For consolidated results: Resultant profit of ₹5,548.02 lakhs shown as Exceptional Items

Significant Accounting Matter

Trade receivables, retention amounts and unbilled amounts include ₹1,36,094.72 lakhs (as at September 30, 2026) relating to Kaleswaram Package 4 Irrigation Project in Telangana. Collections stalled since March 2023. Management is confident of recovery based on contractual terms and internal assessments.

Auditor's Emphasis of Matter

Auditors highlighted the Kaleswaram Package 4 dues of ₹1,38,094.72 lakhs considered recoverable by management based on contractual terms and internal assessments. Management expressed full confidence in recovery.

Limited Review Scope

Review covered 17 joint operations and 17 subsidiaries. Three joint operations (PATELKNR-JV, KNR-PATEL JV, KNRCL-AIPPL-KCCL-JV) were reviewed by other auditors. Fourteen joint operations were not reviewed by their auditors but certified by management as not material.

Capital Structure

Paid-up equity share capital: ₹5,624.70 lakhs (Face Value ₹2 per share)