HDFC Mutual Fund, a prominent player in the Indian mutual fund industry, has reduced its shareholding in KNR Constructions Limited, a key player in the infrastructure sector. The fund house sold 40 lakh shares of the company through an open market transaction on November 11, 2025, resulting in a decrease in its stake from 5.81% to 5.45% of the company's paid-up equity share capital.

Transaction Details

This move by HDFC Mutual Fund is in compliance with the Securities and Exchange Board of India (SEBI) disclosure regulations, which require investors to report significant changes in their shareholdings in listed companies.

Recent Company Update

In a related development, KNR Constructions Limited has recently held an earnings call on November 13, 2025. The company has made the audio recording of this call available on its website, demonstrating its commitment to transparency and open communication with investors and analysts. Interested parties can access the recording at http://knrcl.com/transcriptofconcall.html .

This earnings call may provide valuable insights into the company's financial performance and future outlook, which could be of interest to investors in light of HDFC Mutual Fund's recent stake reduction.

Market Implications

The reduction in HDFC Mutual Fund's stake is a notable development for KNR Constructions. Investors may want to consider this move in the context of broader market trends and the company's performance. The infrastructure sector, in which KNR Constructions operates, is subject to various macroeconomic factors and government policies that can influence investor sentiment.

Investors and market watchers may want to monitor any further changes in institutional holdings of KNR Constructions, as well as the company's upcoming financial results and project pipeline, to gain a comprehensive understanding of its market position and future prospects.

KNR Constructions , a leading player in the infrastructure sector, has unveiled its growth strategy backed by a robust order book of ₹12,000 crore. The company is focusing on efficient execution across road, water, and irrigation projects while aiming for double-digit revenue growth and margin stability.

Strong Order Book and Execution Focus

The company's substantial order book provides a solid foundation for future growth. KNR Constructions is prioritizing efficient project execution across multiple sectors:

• Roads
• Water infrastructure
• Irrigation projects

This diversified approach allows the company to leverage its expertise in various infrastructure segments.

Financial Performance

According to the company's recent financial results:

While the year-on-year figures show a decline, it's important to note that the company is focusing on long-term growth strategies.

Growth Initiatives

KNR Constructions plans to enhance its long-term cash flow visibility through:

1. New BOT (Build-Operate-Transfer) projects
2. HAM (Hybrid Annuity Model) projects

These project models are expected to provide more stable and predictable revenue streams for the company.

Order Book Composition

As of September 30, 2025, KNR Constructions' order book stands at ₹82,159 million, with the following segment-wise distribution:

• Roads (HAM): 20%
• Roads (Others): 5%
• Irrigation: 19%
• Pipeline: 13%
• Mining: 43%

This diverse order book demonstrates the company's ability to secure projects across various infrastructure segments.

Recent Project Wins

KNR Constructions has recently secured two significant EPC (Engineering, Procurement, and Construction) projects in Telangana:

1. Construction of a 3-lane flyover at Kukatpally "Y" junction - ₹728 million
2. Construction of multi-level flyovers and road development at two junctions - ₹4,591 million

These new projects further strengthen the company's order book and reinforce its position in the infrastructure sector.

While KNR Constructions faces short-term challenges, as reflected in its quarterly results, the company's strong order book and strategic focus on diverse infrastructure projects position it well for future growth. The management's emphasis on efficient execution and expansion into BOT and HAM projects indicates a clear roadmap for achieving its targeted double-digit revenue growth and maintaining margin stability.