Knowledge Marine & Engineering Works shares gained 3.03% to close at ₹2,814.30 following the release of exceptional quarterly results. According to reports from Business Standard, the stock movement reflects investor confidence in the company's remarkable financial performance during the first quarter of FY27.
The company's consolidated net profit experienced a dramatic surge of 447.7% to ₹61.73 crore in Q1 FY27, compared to ₹11.27 crore recorded in Q1 FY26. As reported by Business Standard, this represents one of the most significant profit growth rates in the current financial year. The pre-tax profit also showed substantial improvement, reaching ₹65.33 crore in Q1 FY27, representing a 386.8% increase from the ₹13.42 crore pre-tax profit posted in the corresponding quarter of the previous fiscal year.
Revenue for the quarter under review stood at ₹115.41 crore, marking a substantial 138.1% year-on-year increase from ₹48.47 crore recorded in Q1 FY26. According to Business Standard, this significant revenue growth demonstrates the company's strong operational performance and market expansion during the quarter.
Total operating expenditure increased by 47.2% to ₹42 crore in Q1 FY27 over Q1 FY26, primarily driven by higher costs of operations which rose 48% year-on-year and higher other expenses which increased 44.7% year-on-year. As reported by Business Standard, these cost increases were offset by the company's strong revenue growth, resulting in the exceptional profit margins achieved during the quarter.
According to Business Standard, Knowledge Marine & Engineering Works is engaged in providing comprehensive marine services including dredging services, owning and operating marine crafts, and undertaking repair, maintenance and refit of marine crafts and marine infrastructure. The company's diversified marine services portfolio appears to have contributed to its strong quarterly performance across multiple revenue streams.
