KMEW H1FY27 Revenue Surges 89% to ₹18,621 Lakhs; Secures ₹256 Cr Dredging Contract
Knowledge Marine & Engineering Works Limited reported an 89% year-on-year revenue surge to ₹18,621 lakhs in H1FY27. Key wins include a ₹256 crore dredging contract at New Mangalore Port and a ₹236.72 crore green tug contract from Mumbai Port Authority. The company also secured a ₹62 crore order for electric ferries.
The substantial increase in revenue, securing of major dredging and green tug contracts, and expansion of the order book indicate a significant positive impact on the company's financial health and market position.
The company reported significant revenue growth and secured substantial new contracts, indicating strong business performance and future prospects.
Knowledge Marine & Engineering Works Limited (KMEW) announced strong financial performance for the first half of FY2026-27 (H1FY27), with revenue from operations soaring 89% year-on-year to ₹18,621 lakhs. The company achieved an EBITDA margin of 55% and a PAT margin of 45% during the period. This growth builds upon FY26 performance, where revenue increased by 28% to ₹256 crore and EBITDA rose by 24% to ₹97 crore.
KMEW highlighted significant operational achievements, including the successful execution of a complex rock dredging project at Jawaharlal Nehru Port Authority (JNPA). Building on this, the company secured a major ₹256 crore maintenance dredging contract at New Mangalore Port Authority, marking its entry into a high-value market. To support its expansion, KMEW acquired River Pearl 48, its largest trailing suction hopper dredger, significantly increasing its hopper capacity.
In the Charter & Hire segment, KMEW secured its third Green Tug contract from Mumbai Port Authority for ₹236.72 crore under the Green Tug Transition Programme. In shipbuilding, its subsidiary, Knowledge Shipyard Limited, received a ₹62 crore contract from the Inland Waterways Authority of India (IWAI) for ten electric ferries under the Harit Nauka initiative.
The company's balance order book stands at ₹1,732.55 crore, with a strong revenue visibility from its charter and hire book. KMEW also has over ₹3,500 crore in bids in the pipeline, and expects Phase 1 of its shipyard to be completed by February 2027.
Sujay Kewalramani, Chief Executive Officer, expressed optimism about India's multi-decade maritime sector expansion, stating that KMEW is building the fleet, yard, and balance sheet to capitalize on these opportunities.
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