PNC Infratech Q3 Review - Good Operational Performance: Nirmal Bang

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..Nirmal Bang Report.PNC Infratech Ltd. reported good set of numbers for Q3 FY22 backed by strong growth in execution and minimal impact on margins. During the quarter, the company provided for impairment of its investment in Ghaziabad Aligarh project in other expenses, and as a result reported Ebitda is lower by Rs 390 million. Adjusted for the same, Ebitda at Rs 2.04 billion is in-line with our estimates. Revenue at Rs 15.2 billion grew by 15% YoY (4% below our estimate) and nine months-FY22 revenue is higher by 34% compared to 9M FY21. PNC Infratech has conservatively guided for more than 20% revenue growth in FY22 and 15% growth in FY23. We believe that it can easily achieve more than its guidance given the orderbook position given the 33% growth exhibited in 9M FY22..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 Q3 Review - Good Operational Performance: Nirmal Bang

PNC Infratech Q3 Review - Good Operational Performance: Nirmal Bang

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