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What is KNRCON Stock Analysis and Recommendations about?

JKIL reported Q3FY17 results in line with estimates. Revenue grew 19% YoY to Rs. 369 Cr due to commencement of work on Mumbai metro projects, with Rs. 120 Cr of revenue from metro projects in Q3FY17. EBITDA margin declined slightly to 17.1% due to higher employee costs from new projects. Preliminary work on Mumbai metro projects is complete and strong revenue growth is expected in Q4FY17 and beyond, as these projects are the key driver for JKIL over the next 3-4 years. The stock is currently under review by

Author

narnolia

Language

EN