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.
Geojit Research Report
PNC Infratech Ltd. is an Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines.
The company reported a strong revenue growth of 42% YoY in Q4 FY21 (better than estimate) as project execution improved due to normalcy in operation post Covid-19.
Order book (including level-one) remains healthy at Rs 16,000 crore which is 3.3 times FY21 revenue, provides revenue visibility for two to three years.
Ebitda margin improved by 63 basis points to 14.1% aided by higher execution and lower employee cost (as a % of revenue).
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