Dolat Capital:  Infrastructure Sector Q2 FY21 Result Review 
A highway near Fatehabad, Haryana. (Photographer: Prashanth Vishwanathan/Bloomberg)

Dolat Capital: Infrastructure Sector Q2 FY21 Result Review 

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.

Dolat Capital Report

Our coverage universe of 8 stocks reported revenue of Rs 67.4 billion in Q2 FY21, a de-growth of 5.3% YoY (+25.0% QoQ) as execution was impacted due to less availability of labour and onset of monsoon. Ebitda was down 18.3% YoY (+34.9% QoQ) to Rs 9.8 billion and Ebitda margins contracted 232 bps YoY (+107 bps QoQ) to 14.5%. APAT witnessed degrowth of 16.5% YoY (+161.0% QoQ) to Rs 3.1 billion in Q2FY21. Tax rate stood at 31% vs. 19.1% (Q2FY20).

KNR, Dilip Buildcon and Ahluwalia were the only companies to report revenue growth of 10.1%/ 6.4%/ 0.2% whereas all other companies showed a revenue decline YoY in Q2 FY21. Ebitda margins for all companies reported a contraction except for HG Infra and NCC. On the APAT front, 3 companies viz. NCC, KNR and Ahluwalia reported growth whereas others reported de-growth.

Click on the attachment to read the full report:

Dolat Capital - Infra and Construction - Q2FY21 Results Review.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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.