Infrastructure Sector Review - After Robust Q4, Covid Concerns Return In Q1: Dolat Capital

A crane at a residential construction site. (Photographer: Paulo Nunes dos Santos/Bloomberg)

Infrastructure Sector Review - After Robust Q4, Covid Concerns Return In Q1: Dolat Capital

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Dolat Capital Report

Our infrastructure and construction coverage universe of eight stocks reported revenue of Rs 114.1 billion in Q4 FY21, a growth of 26.4% YoY (up 28.6% QoQ) as execution further picked up pace as Q4 FY21 didn’t witness major hampering due to Covid-19.

Ebitda grew 23.8% YoY (up 22.9% QoQ) to Rs 15.6 billion and Ebitda margin contracted 30 basis points YoY (down 64 basis points QoQ) to 13.7%.

Adjusted profit after tax witnessed growth of 45.1% YoY (up 119.5% QoQ) to Rs 6.8 billion in Q4 FY21.

Tax rate stood at 34.2% versus 27.6% (Q4 FY20).

Click on the attachment to read the full report:

Dolat Capital Infra and Construction - Q4FY21 Results Review_29-Jun-21.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 author entity and do not represent the views of BloombergQuint.

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