KMEW saw H1 FY26 revenue grow 3.16% to Rs 98.65 Cr, with EBITDA up 8.27% to Rs 39.91 Cr.

Profit after tax dipped slightly by 1.75% to Rs 22.46 Cr, resulting in an EPS of Rs 20.8. The company boasts a robust order book of Rs 1,749.89 Cr, diversified across dredging (46%), charter hire (43%), and shipbuilding (11%). Key growth drivers include securing two significant Green Tug contracts totaling Rs 652.63 Cr for 15-year tenures, marking a strategic entry into this fast-growing segment.

KMEW also expanded into commercial cruise services via a Madhya Pradesh tourism project and strengthened its shipbuilding capabilities with new IWAI orders.

The company successfully raised Rs 285 Cr through a preferential issue.

Management aims to scale KMEW to a billion-dollar enterprise, aligning with India's Maritime Amrit Kaal Vision 2047. The firm is actively bidding on over Rs 2,000 Cr in new projects, anticipating the Green Tug segment will become a standalone business vertical.

Vessel utilization stands at an impressive 100%.