KMEW Q1 FY27: Revenue surges 138% to ₹115.41 Cr; PAT leaps 466% to ₹62.75 Cr
Knowledge Marine & Engineering Works Limited (KMEW) reported a strong Q1 FY27 with revenue up 138% to ₹115.41 crore and PAT soaring 466% to ₹62.75 crore. Key projects in dredging drove growth. The company has an order book exceeding ₹1,300 crore and aims for ₹1,000 crore turnover by FY29, supported by recent equity fundraising.
The substantial growth in financial metrics, strong order book, and strategic expansion plans like the new shipyard and equity fundraising are material events that are likely to have a significant positive impact on the company's valuation and investor sentiment.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with a strong order book and a positive outlook for future growth, indicating a positive financial performance.
Knowledge Marine & Engineering Works Limited (KMEW) has reported a strong start to FY27 with its Q1 performance. Revenue from operations stood at ₹115.41 crore, marking a substantial year-on-year growth of 138%. EBITDA grew by 258% to ₹73.41 crore, with an EBITDA margin of approximately 64%. Profit After Tax (PAT) saw a significant surge of 466% to ₹62.75 crore, resulting in a PAT margin of about 54%.
The company highlighted that its performance demonstrates operating leverage achieved through specialized assets, technical capability, and disciplined project execution. The dredging segment was the primary driver of revenue, with the capital rock dredging project at JNPA and the maintenance dredging project at Pondicherry port being key contributors. KMEW emphasized its diversified dredging fleet, including trailing suction hopper dredgers, cutter suction dredgers, and grab dredgers, and its successful execution of complex projects.
The charter and hire segment continues to provide a recurring revenue stream through multi-year contracts with Indian ports and maritime authorities. The shipbuilding segment is poised for growth with the development of a new shipyard at Saphale, aiming to build approximately 18 vessels annually. KMEW recently secured a shipbuilding contract worth ₹62.40 crore from the Inland Waterways Authority of India for 10 hybrid electric passenger ferries, aligning with the government's Harit Nauka mission.
KMEW's order book stands at over ₹1,300 crore, comprising ₹240 crore in dredging, ₹850 crore in charter and hire, and ₹240 crore in shipbuilding. The company has a bid pipeline of approximately ₹3,500 crore. To support its growth, KMEW strengthened its capital base through a ₹150 crore preferential issue and a ₹100 crore block deal. The company projects a turnover of ₹1,000 crore by FY29, with a revenue mix anticipated to be 45-50% from dredging, 40-45% from shipbuilding, and 5% from chartering.
A plain-language summary of a public exchange filing by Knowledge Marine & Engineering Works Limited. Read the original for the full detail.