HG Infra Q4 Review - Healthy Execution; Strong Growth Outlook: ICICI Direct
Cranes operate at a construction site. (Photographer: Ore Huiying/Bloomberg)

HG Infra Q4 Review - Healthy Execution; Strong Growth Outlook: ICICI Direct

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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.

ICICI Direct Report

HG Infra Engineering Ltd. reported a robust set of Q4 FY21 numbers.

Standalone revenue improved 65% YoY to Rs 1,027.8 crore, clearly reflecting the sharp pickup in execution aided by healthy order book position and normalisation of labour availability/raw material supply chain post Covid-19 related disruptions.

Also, operating profit margin was at an elevated 16.2%, down 8 basis points YoY, on account of better project mix.

At profit after tax level, robust operating performance translated into 90.5% YoY growth (to Rs 97.7 crore).

Click on the attachment to read the full report:

ICICIC Direct HGInfra Q4FY21 Result Update.pdf

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