Centrum Broking: HG Infrastructure Engineering - Strong Execution Delivery In Q2
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
HG Infrastructure Engineering Ltd. Q2 FY21 results beats estimates.
PAT declined 15.3% YoY to Rs 327 million and was sharply above Centrum Broking’s estimate of Rs 228 million driven by higher revenues/margins.
Revenue declined 1.4% YoY to Rs 4.7 billion (est: Rs 4.1 billion). Ebitda grew 4.9% YoY to Rs 769 million (est: Rs 639 million).
Ebitda margins expanded 100 basis points YoY to 16.5% (est: 15.5%) driven by lower other expenses.
Click on the attachment to read the full report:
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 brokerage 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.