Construction Sector Q4 Earnings Preview - Good End To A Difficult Year; 2022 Outlook Strong: Nirmal Bang
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.
Nirmal Bang Report
Despite the Covid-19 pandemic, in FY21, Ministry of Road Transport and Highways constructed a record total length of 13,394 kilometres of national highway, translating into 37 kms/day of highway construction whereas in FY20 it had constructed a total length of 10,236kms.
Both, awarding and construction activities have been very strong and as a result, we expect a good end to FY21 for the construction companies.
This strong momentum is expected to continue in FY22 too given the strong order books of the construction companies.
For our coverage companies, we are forecasting 19.5%/7.5%/15% YoY growth in revenue/Ebitda/profit after tax for Q4 FY21.
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 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.