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
Kalpataru Power Transmission Ltd.’s Q1 results came in better than estimates though it was a subdued quarter due to lockdown; Ebitda was lower by 19% YoY but Ebitda margins were fairly stable at 10.7% due to cost rationalisation measures.
The management is confident about recovery of lost productivity in H2 FY21 and maintains guidance of 5-10% revenue growth and margins in 10.5-11% range for FY21.
We assume a 5%/15% topline growth in FY21E/22E and maintain our FY21E and FY22E estimates.
Visible order inflow of Rs 230 billion and Level one orders of Rs 50 billion coupled with shift to favorable business mix will lead to steady revenue growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.