PNC Infratech Q2 Review - Robust Quarter, Strong Order Book To Drive Growth: 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.PNC Infratech Ltd.'s results beats estimates on all fronts. PNC Infratech posted 53.3%/ 56.0%/ 95.4% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 16.2 billion/ Rs 2.2 billion/ Rs 1.4 billion in Q2 FY22. We maintain estimates for FY22E/ FY23E factoring H1 FY22 results and introduce FY24E. We expect strong revenue/ adjusted profit after tax compound annual growth rate of 18.2%/ 22.9% over FY21- 24E. Post-tepid growth in FY21, we factor revenue/ adjusted profit after tax growth of 25.5%/ 39.7% in FY22E, 16.8%/ 17.4% in FY23E and 12.7%/ 13.2% in FY24E driven by robust execution across projects. The current core construction valuations of 10.3 times/ 9.1 times FY23E/ FY24E earnings per share are attractive..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.

PNC Infratech Q2 Review - Robust Quarter, Strong Order Book To Drive Growth: Dolat Capital

PNC Infratech Q2 Review - Robust Quarter, Strong Order Book To Drive Growth: Dolat Capital

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