IDBI Capital: Dilip Buildcon - Labour Availability At Normalcy In Q2 

IDBI Capital: Dilip Buildcon - Labour Availability At Normalcy In Q2

A crane stands between steel construction beams on a commercial and residential construction site. (Photographer: Simon Dawson/Bloomberg)

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IDBI Capital Report

Dilip Buildcon Ltd. Q2 FY21 Ebitda came marginally (up 5%) higher than our and consensus estimate.

The company’s execution has picked up and revenue increased by 6% YoY in Q2 FY21. Labour availability has returned to normalcy now.

For FY21E, the company expects to maintain revenue in-line with FY20.

Order inflow remained strong at Rs 14 billion in Q2 FY21, making a total order inflow of Rs 104 billion in H1 FY21.

Click on the attachment to read the full report:

IDBI Capital Dilip Buildcon Q2FY21 Result Update.pdf
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