HG Infra Q3 Review - Execution Momentum To Pick Up: Dolat Capital 
A worker hammers steel bars into place at an elevated highway construction site. (Photographer: Qilai Shen/Bloomberg News)  

HG Infra Q3 Review - Execution Momentum To Pick Up: Dolat Capital 

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

HG Infra Engineering Ltd. reported results above estimates on all fronts.

The company reported 28.2%/ 34.0%/ 57.9% YoY growth in revenue/ Ebitda/profit after tax to Rs 7.3 billion/ Rs 1.2 billion/ Rs 655 million in Q3 FY21.

We broadly maintain revenue and Ebitda margin and marginally increase adjusted profit after tax estimates for FY21E factoring nine-month FY21E results and we broadly maintain our estimates for FY22E/ FY23E.

The company has received appointed date for all its projects and entire execution benefit will be realized in FY22E.

Click on the attachment to read the full report:

Dolat Capital H.G. Infra Engineering Q3FY21 Result Update.pdf


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