Analysts/Institutional Investor Meet/Con. Call Updates

KNR Constructions Limited. Date: 20th August 2026 Ref: KNRCL/SD/2026/1099&1100 To, To, The Manager The Manager, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (E), Mumbai – 400051. Scrip code: 532942 Scrip Code: KNRCON Dear Sir/Madam, Sub: Transcript of Earnings Call Ref: Regulation 30 of SEBI (LODR) Regulations, 2015 We refer to the above captioned subject, we herewith submit the transcript of the earnings call held on Friday, 14th August 2026 for the Q1FY27. This is for the information and records of the Exchange, please Thanking you, Yours truly For KNR Constructions Limited Haritha Varanasi Company Secretary Regd.Office : 'KNR House',3rd & 4th Floor, Plot No.114,Phase-l,Kavuri Hills, Hyderabad -500 033 Phone.:+91-40-40268759 ,40268761/ 62, Fax : 040- 40268760 , E-mail : info@knrcl.com, Web : www.knrcl.com CIN: L74210TG1995PLC130199 “KNR Constructions Limited Q1 FY27 Earnings Conference Call” August 14, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchanges on 14th August 2026 will prevail. MANAGEMENT: MR. K. JALANDHAR REDDY – EXECUTIVE DIRECTOR – KNR CONSTRUCTIONS LIMITED MR. K. VENKATA RAM RAO – GENERAL MANAGER, FINANCE AND ACCOUNTS – KNR CONSTRUCTIONS LIMITED Page 1 of 18 KNR Constructions Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to KNR Constructions Limited Q1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder all participant lines will be in a listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. K. Venkata Rama Rao, General Manager, Finance and Accounts, KNR Constructions Limited. Thank you, and over to you, Mr. Rao. K. Venkata Rama Rao: Good morning, everybody. Thank you for joining us today on the call to discuss the financial results for Q1 FY27. Along with me, I have Mr. K. Jalandhar Reddy, Executive Director; and Strategic Growth Advisors, our Investor Relations Advisors. We have uploaded results and investor presentation on stock exchanges as well as on our company website. I hope everyone got an opportunity to go through it. We would like to touch upon a few key company updates and industry post which we will have a question-and-answer session. The road sector is currently going through a phase of the recalibration with the project awarding remained subdued in the initial month of FY27, following the softness witnessed through FY26. During the quarter, NHAI awarded approximately 107 kilometers of the project, while the execution also moderated to around 638 kilometers. That said, the government continued to back the sector with a strong spending commitment for FY27. The union budget has allocated close to INR3.1 lakh to the Ministry of Road Transport and Highways, and the road sector capex outlay is up around 8% after two relatively subdued years. This gives us confidence that the groundwork is in place for awarding activity to pick up, even though tendering and award has been slower to come through in this first quarter. NHAI has also outlined a revised FY27 plan to award 54 highways and expressway project covering through 2,444 kilometers worth of combined INR1.8lakh crores across 13 states so that the near-term awarding environment remains measured. This identified pipeline gives us reasonable visibility for coming quarter. Overall, while the sector is seeing some moderation right now, we remain positive on the awarding outlook for the rest of the year and believe that underlying spending pipeline is healthy. Beyond roads, we are also seeing meaningful opportunities emerging across railways and urban mobility, which can provide additional avenues for growth and diversification. The government continue to focus strongly on the railways capacity expansion and modernization with a record of INR2.93 lakh crores of the capital expenditure allocated to the Indian Railway for FY27 going towards capacity augmentation, multi-tracking, freight corridors, safety, station redevelopment and Page 2 of 18 KNR Constructions Limited August 14, 2026 better rail connectivity. This is creating a healthy pipeline of the project across the railway infrastructure ecosystem The outlook is particularly encouraging for Andhra Pradesh, which has received a record INR10,134 crores railway allocation for FY27 and the operationalization of South Coast railway zone, which further strengthen the focus on rail infrastructure in the region and support new project execution. We see this an opportunity to gradually diversify our order book into the railway civil works, track infrastructure and related works. With this strong government spending and a growing pipeline across the southern region, railways are gaining increasing importance in our medium-term business mix. Urban mobility is another segment that continues to see healthy activity with the government supporting the expansion of metro and mass rapid transit systems.. New corridors and extension are being planned across key cities, creating a sizable pipeline across elevated corridors, viaduct stations, bridges and related civil work. As part of our medium-term diversification strategy, we are actively evaluating railway and metro projects as they come up for tender though our focus remains on selectively pursuing projects where we see adequate execution visibility, attractive returns and good fit with our existing - capabilities. Another emerging opportunity is the battery energy storage systems segment, which we are expecting significant growth over the coming year. Overall, we believe that long-term infrastructure opportunity in India remain intact, although the composition of growth is evolving. Railway will continue to remain our core opportunity, but we see the next phase of growth becoming increasingly diversified across expressway, railway, urban mobility, mining, irrigation, logistics and emerging areas such as energy storage. We remain positive on overall opportunity and we will continue to focus on building a strong and diversified order book while maintaining our discipline on the project selection and returns. Now coming to the key updates of the company. The percentage of physical progress as on 30th June 2026 for HAM project is as follows: Ramanattukara to Valanchery, 100% completed; Valanchery to Kappirikkad, 100% completed; Magadi to Somwarpet approximately 91.35%; Marripudi to Somvarappadu approximately 86.03%; Mysore to Kushalnagara, Package 4, around 20%; and Mysore to Kushalnagara, Package 5, around 18.28%. As of 30th June 2026, the company has already invested INR595 crores, out of INR805 crores revised equity requirement for all the existing HAM projects. The additional equity requirement of INR210 crores to be infused as INR125 crores and INR85 crores is in FY27 and FY28, respectively. You can refer to Slide number 26 of the investor presentation for detail on each HAM project. The company may require further additional equity investment of around INR510 crores for Chennai ECR and Telangana NHAI HAM projects. During the quarter, the company, along with its JV partner, Sushee Infra & Mining Limited, received a letter of acceptance from South Eastern Coalfield Limited for a coal mining project at Kusmunda in Chhattisgarh. The project has a total value of INR3,361 crores, excluding GST and is to be e [Showing first 8,000 characters — download PDF for full document]