Q1 FY22 Infra Sector Earnings Review - Strong Quarter Led By Lower Base: Dolat Capital

Q1 FY22 Infra Sector Earnings Review - Strong Quarter Led By Lower Base: Dolat Capital

A crane transports a slab of concrerte at a residential apartment block construction site. (Photographer: Milan Jaros/Bloomberg)

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.

Dolat Capital Report

Our coverage universe of eight stocks reported revenue of Rs 85.1 billion in Q1 FY22, a growth of 57.8% YoY (down 25.3% QoQ) due to lower base impacted by Covid-19 first wave.

Revenue was impacted QoQ as well as the second wave disrupted execution, but not as bad as the first wave.

Ebitda grew 57.7% YoY (down 26.7% QoQ) to Rs 11.5 billion and Ebitda margins was flat YoY (down 20 basis points QoQ) to 13.5%.

Adjusted profit after tax witnessed growth of 263.3% YoY (down 57.8% QoQ) to Rs 4.3 billion in Q1 FY22.

Tax rate stood at 31.2% versus 18.2% (Q1 FY22).

Click on the attachment to read the full report:

Dolat Capital Infra and Construction - Q1FY22 Results Review.pdf
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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 author entity and do not represent the views of BloombergQuint.

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