Ahluwalia Contracts Q4 Review - Delivering On Execution; Margins To Follow: Centrum Broking

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. .Centrum Broking Report.Ahluwalia Contracts India Ltd.’s Q4 FY21 results significantly beat estimates, led by strong execution. Revenue grew 38.7% YoY to Rs 7.6 billion (estimate: Rs 5.7 billion) and profit after tax came in at Rs 371 million (estimate: Rs 227 million). Ebitda margin grew 500 basis point YoY to 9.2% though still impacted by provisions/write-off of ~Rs 340 million. Order backlog is robust at Rs 76.1 billion (3.8 times trailing twelve months revenues), with 58% of the backlog from the high priority healthcare sector. The company is finally delivering on the much-awaited execution pick-up and with provisions and write-offs on legacy projects now complete, margins and earnings too should pick up..Click on the attachment to read the full report:. DISCLAIMERThis 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.

Ahluwalia Contracts Q4 Review - Delivering On Execution; Margins To Follow: Centrum Broking

Ahluwalia Contracts Q4 Review - Delivering On Execution; Margins To Follow: Centrum Broking

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