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.
HDFC Securities Report
Ahluwalia Contracts India Ltd. surprised positively on execution front (approximately 5 times our estimate), despite the shortage of labour and considerable restriction on operation in projects within city limits, as it focused on off-site execution.
While revenue declined by 38/55% YoY/QoQ, adjusted profit after tax declined by 78%/50% YoY/QoQ.
Labour availability has improved to 40% from 20% at one point of time during the lockdown.
Besides, the company won new orders worth Rs 3 billion during the quarter, taking the order book to Rs 75 billion.
Gross debt decreased to Rs 430 million from Rs 520 million at FY20 end. With cash balance at Rs 1.8 billion, Ahluwalia Contracts remains a net cash company.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR