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.
Centrum Broking Report
G R Infraprojects Ltd. reported strong earnings in Q1 FY22.
Profit after tax grew sharply by 187% YoY to Rs 2.04 billion, albeit on a low base.
Revenue grew by 74% YoY to Rs 21.3 billion (down 19% QoQ due to Covid-19 impact and seasonality).
Ebitda grew 124% YoY to Rs 3.45 billion while Ebitda margin expanded 370 basis point YoY to 16.2%, led by better absorption of fixed costs (up 60 bp QoQ).
Interest costs grew 17% YoY to Rs 388 million (up 3% QoQ) led by higher debt.
G R Infra's order backlog of Rs 151 billion (~Rs 175 billion after including level-one orders; 2.3 times trailing twelve months engineering procurement and construction revenue).
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