BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Our coverage universe of eight stocks reported revenue of Rs 54 billon in Q1 FY21, a de-growth of 34.0% YoY as execution was impacted due to lockdown caused by Covid-19.
Ebitda down 41.1% YoY to Rs 7.3 billion and Ebitda margins down 164 basis points YoY to 13.5%.
Adjusted profit after tax witnessed de-growth of 75.4% YoY to Rs 1.2 billion in Q1 FY21. Tax rate stood at 18.2% versus 29.1% (Q1 FY20).
Revenue of all companies decreased YoY in Q1 FY21 except for KNR Constructions Ltd. which reported a growth of 3.2% YoY.
Ebitda margins for all companies reported a contraction except for HG Infra Engineering Ltd. and KNR Construction Ltd.
On the adjusted profit after tax front, all companies reported de-growth and three companies viz. J Kumar Infraproject Ltd., NCC Ltd. and PSP Projects Ltd. reported loss.
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