PNC Infratech Q4 Review - Strong Guidance For FY22: IDBI Capital
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IDBI Capital Report
PNC Infratech Ltd.'s Q4 FY21 operationally (Ebitda) was in-line with our and consensus estimates.
For FY21 execution (revenue) was flat YoY and the company has guided for revenue to increase by 20% YoY.
The company has strengthened its in-house execution and despite pandemic it has increased its employee strength by 15% to 9,599 in FY21.
On the ground execution was not impacted from Covid-19 second wave and the company guided toll revenue to increase from July 2021.
Ordering was strong in the sector and the company is level-1 in orders of Rs 50 billion.
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