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.
Prabhudas Lilladher Report
Sadbhav Engineering Ltd. saw soft execution as revenues came in below our/ street estimates.
However, higher Ebitda margins lead to positive surprise on margins front.
On the back of healthy order book, strong bid pipeline, a significant ramp-up in five large projects (to take daily run-rate from current Rs 60-70 million to Rs 100 million), sharp uptick in toll collection (up 11% YoY in Q3) and expected provisional commercial operation date in four more projects by H1 FY22, execution and toll collection to remain strong going forward
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 author entity 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.