HDFC Securities: JMC Projects Posts In-Line Q1 Performance

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Report.JMC Projects India Ltd. Q1 FY21 financial performance has been severely impacted as its order book has a high exposure to the worst-affected urban regions, mainly in the buildings and factories segment (58% of order backlog).With almost a one-month loss due to the lockdown, execution is now gradually ramping up with labour availability improving from 60% to 75% QoQ. Despite weak execution, order intake has been robust at Rs 34.3 billion excluding - Level one (L-1) of Rs 17 billion (JMC projects to surpass inflow guidance of Rs 50 billion).We expect FY21E to mark new beginnings with (1) likely restructuring of two build operate transfer (2 BOT) assets (would cut loss funding to Rs 500 million versus Rs 800 million for FY20) and (2) order accretion from international geographies..Click on the attachment to read the full report:.DISCLAIMERThis 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.

HDFC Securities: JMC Projects Posts In-Line Q1 Performance

HDFC Securities: JMC Projects Posts In-Line Q1 Performance

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