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Knowledge Marine Boosts FY27 Revenue Growth Target to 60% on New Mumbai Port Order
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CNBC TV18•22-09-2026, 11:34
Knowledge Marine Boosts FY27 Revenue Growth Target to 60% on New Mumbai Port Order
- •Knowledge Marine and Engineering Works has increased its FY27 revenue growth guidance to 60% from 30-40%, following a new ₹280-crore order from Mumbai Port Authority.
- •The company secured its third green tug contract, which involves building and operating a vessel for Mumbai Port Authority over 15 years, with construction taking two years.
- •CEO Sujay Kewalramani targets ₹1,000 crore in revenue and ₹225-₹250 crore in net profit within three years, maintaining 35-40% EBITDA margins.
- •Knowledge Marine's total order book now exceeds ₹1,600 crore, split across chartering (₹1,000 crore), dredging (₹300 crore), and shipbuilding (₹300 crore).
- •The company plans ₹275 crore in capex for shipyard expansion by March 2027, aiming for ₹1,000 crore annual revenue capacity and is seeking approval to raise up to ₹500 crore via NCDs.
Key Questions Answered
Knowledge Marine and Engineering Works has raised its revenue growth guidance for the financial year 2026-27 (FY27) to 60%, increasing it from the previous estimate of 30-40% baad on a fresh ₹280-crore order from the Mumbai Port Authority.
Under the ₹280-crore deal, Knowledge Marine will construct a green tug and operate it for the Mumbai Port Authority over a 15-year term, following a two-year construction period.
The company's total order book stands at close to ₹1,600 crore, which is divided across three business segments: chartering at ₹1,000 crore, dredging at ₹300 crore, and shipbuilding at ₹300 crore.
