PNC Infratech Q4 Review - Strong Guidance For FY22: IDBI Capital

PNC Infratech Q4 Review - Strong Guidance For FY22: IDBI Capital

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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.

IDBI Capital Report

PNC Infratech Ltd.'s Q4 FY21 operationally (Ebitda) was in-line with our and consensus estimates.

For FY21 execution (revenue) was flat YoY and the company has guided for revenue to increase by 20% YoY.

The company has strengthened its in-house execution and despite pandemic it has increased its employee strength by 15% to 9,599 in FY21.

On the ground execution was not impacted from Covid-19 second wave and the company guided toll revenue to increase from July 2021.

Ordering was strong in the sector and the company is level-1 in orders of Rs 50 billion.

Click on the attachment to read the full report:

IDBI Capital PNC Infratech Q4Fy21 Result Update.pdf
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