Prabhudas Lilladher: Capacite Infraprojects Q2 - Execution Picking Up, Poised For Strong Growth
Workers gather round an excavated ditch at a construction site in the Parel area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Prabhudas Lilladher: Capacite Infraprojects Q2 - Execution Picking Up, Poised For Strong Growth

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.

Prabhudas Lilladher Report

Capacite Infraprojects Ltd. posted a decent set of results with revenues falling 55% YoY due to gradual recovery seen in labour availability in Q2 and overall prolonged impact of pandemic in Mumbai Metropolitan region.

However, currently all project sites have commenced operations with cumulative labour force already above pre-Covid-19 levels.

With its largest project City and Industrial Development Corporation of Maharashtra (Rs 45 billion) moving to full-fledged execution stage, strong momentum in private sector order book, healthy collections (Rs 3.6 billion in Q2) and overall traction in the real estate sector (especially MMR), the company is poised for a strong H2 FY21E and even stronger FY22E.

Click on the attachment to read the full report:

Prabhudas Lilladher Capacite Infra Q2FY21 Result Update.pdf

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