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