PNC Infratech Q4 Review - Strong Performance; Healthy Guidance: ICICI Direct

Construction cranes in Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

PNC Infratech Q4 Review - Strong Performance; Healthy Guidance: ICICI Direct


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.

ICICI Direct Report

PNC Infratech Ltd.’s execution was robust, with a stronger-than-expected topline and higher margins led by operating leverage.

Topline came in at Rs 1,644 crore, up ~42% YoY, driven by improved executable order book and optimum labour availability.

The consequent margin was at 14.1% (up 63 basis points YoY), led by operating leverage.

Profit after tax came in at Rs 129.4 crore, up 70% YoY, led by a strong operating performance, lower interest costs and despite higher taxation.

Click on the attachment to read the full report:

ICICI Direct PNC Infra Q4FY21 Result Update.pdf


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