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Centrum Broking: HG Infrastructure Engineering - Strong Execution Delivery In Q2

Centrum Broking: HG Infrastructure Engineering - Strong Execution Delivery In Q2

Workers lay pipes and pour concrete in a construction site in Delhi, India. (Photographer: Ruhani Kaur/Bloomberg)
Workers lay pipes and pour concrete in a construction site in Delhi, India. (Photographer: Ruhani Kaur/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.

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:

Centrum Broking- HG Infrastrcuture Q2 FY21 Result Update.pdf

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