KNR Constructions cuts revenue guidance after Q1 drop

KNR Constructions Limited reported Q1 revenue of INR483 crores, down from INR985 crores in the same period last year. The company cut its full-year revenue guidance to INR2,000-INR2,500 crores from INR2,500-INR3,000 crores due to project completions and delays in new orders.

The company secured a major mining project for NTPC worth INR4,800 crores and has an order book of INR8,305 crores. It expects INR1,300 crores in outstanding irrigation project payments by March 2026.