Anup Engineering Q3 Review - Small Hiccup; Long-Term Vision Intact: ICICI Direct
An employee assembles components onto an engine in India. (Photographer: Udit Kulshrestha/Bloomberg)  

Anup Engineering Q3 Review - Small Hiccup; Long-Term Vision Intact: ICICI Direct


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.

Anup Engineering Ltd.’s Q3 FY21 performance was subpar led by lower execution on account of night curfew in Ahmedabad post Diwali (loss of 20 days).

Further, dispatch of heat-exchangers remained an issue during the curfew days as the company faced logistic challenges.

Bottomline was cushioned, led by reversal of taxation as the company adopted a lower tax rate under Sec-115- BAA.

Revenue for the quarter came in at Rs 29 crore, down 62% YoY, 66% QoQ.

Execution was impacted on account of night curfew in Ahmedabad.

Click on the attachment to read the full report:

ICICI Direct Anup Engineering Q3FY21 Result Update.pdf


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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