Nestle India Q4, PNC Infratech Q3 Reviews: HDFC Securities

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..HDFC Securities Institutional Equities.Nestle India Ltd. - Nestle India's Q4 CY21 revenue was in-line, while Ebitda margin was better than expected. Domestic revenue growth was at 9%, with healthy volume and mix growth. The company saw broad-based growth and traction was better in small towns and rural, contrary to its peers’ performances. Growth was led by deeper penetration (achieved two-third of targeted villages). Exports were down by 7% YoY on lower coffee exports and change in product mix. PNC Infratech Infratech Ltd. - PNC Infratech reported a muted quarter (owing to delay in execution of Jal Jeevan Mission projects) with revenue/Ebitda/adjusted profit after tax of Rs 15.2/2/1.1 billion missing our estimates by 8/10/20%. Whilst FYTD22 order inflow was tepid at Rs 27 billion, PNC Infratech maintained its Rs 80 billion order inflow target for FY22. Aligarh Ghaziabad asset proceeds are likely to flow in by the Q1 FY23; they will be partly used for funding Rs 7.2 billion of balance equity requirement in 11 hybrid-annuity-model assets..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 author entity 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.

Nestle India Q4, PNC Infratech Q3 Reviews: HDFC Securities

Nestle India Q4, PNC Infratech Q3 Reviews: HDFC Securities

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