Knowledge Marine & Engineering Works Ltd
BSE:543273
Knowledge Marine & Engineering Works Ltd
Knowledge Marine & Engineering Works Ltd. is engaged in the business of owning, chartering and hiring of marine crafts and repairs/maintenance of marine crafts and marine infrastructure. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-03-22. The firm's segments include owning and operating of marine crafts for dredging services and ancillary services, which is engaged in marine hydrographic & magnetometer survey, providing technical manpower solutions for maintenance and operation of vessels and repairs and maintenance/ refits of marine crafts and marine infrastructure. Its marine crafts include River Pearl 2, River Pearl 3 And River Pearl 4. The firm's subsidiaries include Indian Ports Dredging Private Limited (IPDPL) and Knowledge Infra Ports Private Limited (KIPPL).
Knowledge Marine & Engineering Works Ltd. is engaged in the business of owning, chartering and hiring of marine crafts and repairs/maintenance of marine crafts and marine infrastructure. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-03-22. The firm's segments include owning and operating of marine crafts for dredging services and ancillary services, which is engaged in marine hydrographic & magnetometer survey, providing technical manpower solutions for maintenance and operation of vessels and repairs and maintenance/ refits of marine crafts and marine infrastructure. Its marine crafts include River Pearl 2, River Pearl 3 And River Pearl 4. The firm's subsidiaries include Indian Ports Dredging Private Limited (IPDPL) and Knowledge Infra Ports Private Limited (KIPPL).
Revenue Growth: The company delivered a standout quarter, recording INR 90 crores in revenue, up 56% year-on-year and 79% quarter-on-quarter.
Profit Surge: Profit after tax reached INR 32.89 crores with a 34% margin, reflecting significant improvement in profitability.
Order Book Strength: The order book now stands at INR 1,500 crores, with strong contributions from dredging, charter hire, and shipbuilding segments.
Tax Rate Reduction: The company has shifted to the tonnage tax scheme, expecting its effective tax rate to fall below 1% of turnover going forward.
Capital Raised: INR 285 crores was raised via a preferential issue to fund fleet expansion and upcoming projects.
Fleet Utilization: The fleet is at full utilization with no idle equipment; dredgers utilized up to 300 days a year and support crafts fully deployed.
Positive Outlook: Management views current levels of growth and profitability as sustainable benchmarks for the future.
