JMC Projects - Execution Recovered, BOT-Toll Restructuring Nearing Closure: Anand Rathi
Workers prepare reinforcing steel as pedestrians walk along a road running outside a perimeter fence during phase one of construction n the Bhendi Bazaar area of Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

JMC Projects - Execution Recovered, BOT-Toll Restructuring Nearing Closure: Anand Rathi


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.

Anand Rathi Report

With execution efficiency returned, JMC Projects India Ltd.’s revenues scaled a new quarterly high in Q3.

Covid-19 costs continue to weigh on margins, but management is confident of returning to its secular range sooner than later.

The balance sheet is in shape, and the order book construct, too, is comforting (with the gradually rising exposure to infrastructure orders, especially water).

In BOT-toll, restructuring efforts are nearing closure. Any success would support consolidated financials, and hold good for monetisation efforts to gather pace.

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Anand Rathi JMC Projects Company Update.pdf


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