Dolat Capital: PNC Infratech Q2 Review - Receiving Appointed Date Crucial For Growth

PNC Infratech’s Q2 net profit rose 29.4% year-on-year to Rs 693 million on the back of revenue that rose 10.7% to Rs 10.5 billion.

Cranes operate at a construction site in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

PNC Infratech Ltd. reported results in line with estimates.

The company posted 10.7%/44.8%/29.4% YoY de-growth in revenue/Ebitda/adjusted profit after tax to Rs 10.5 billion/Rs 1.4 billion/Rs 693 million in Q2 FY21.

The company is currently operating with 90% labour and expects 100% post Diwali.

We broadly maintain our estimates for FY21E/ FY22E factoring H1 FY21 results and introduce FY23E estimates.

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Dolat Capital PNC Infra Q2FY21 Result Update.pdf
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