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Corner Office Back

The Corner Office: Growth concerns addressed

23-Apr-2018

KNRC has been able to ramp up order inflows by winning four HAM projects with an EPC business opportunity of INR31b, leading to order backlog of INR59b and providing revenue visibility of 3.3x its TTM revenue. Incrementally, KNRC expects order inflow of INR30b to materialize in 1HFY19 (two projects in Telanga and one KSHIP project), which will further boost its revenue visibility. With healthy order inflows and potentially strong order inflow piepline, concerns on growth have been addressed by the company
With revenue growth visibility concerns being addressed by the company, focus has now shifted to successfully executing projects after achieving financial closure for the same. Currently, all the four HAM projects have 80% land available on 3D basis (publication of notification to acquire land in gazette) and expectation is to have 80% land availability on 3H stage (compensation being paid) by September 2018.

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