Dolat Capital: Infrastructure Sector - Q1 Earnings Review 
Unfinished apartments, abandoned part way through construction, in Noida, Uttar Pradesh, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Infrastructure Sector - Q1 Earnings Review 

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Dolat Capital Report

Our coverage universe of eight stocks reported revenue of Rs 54 billon in Q1 FY21, a de-growth of 34.0% YoY as execution was impacted due to lockdown caused by Covid-19.

Ebitda down 41.1% YoY to Rs 7.3 billion and Ebitda margins down 164 basis points YoY to 13.5%.

Adjusted profit after tax witnessed de-growth of 75.4% YoY to Rs 1.2 billion in Q1 FY21. Tax rate stood at 18.2% versus 29.1% (Q1 FY20).

Revenue of all companies decreased YoY in Q1 FY21 except for KNR Constructions Ltd. which reported a growth of 3.2% YoY.

Ebitda margins for all companies reported a contraction except for HG Infra Engineering Ltd. and KNR Construction Ltd.

On the adjusted profit after tax front, all companies reported de-growth and three companies viz. J Kumar Infraproject Ltd., NCC Ltd. and PSP Projects Ltd. reported loss.

Click on the attachment to read the full report:

Dolat Capital Q1FY21 Infra Result Review 020920.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 brokerage and do not represent the views of BloombergQuint.

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