RITES Q4 Review - Near Term Covid-19 Disruption But Future Bright: IDBI Capital
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.
IDBI Capital Report
RITES Ltd.'s Q4 FY21 profit after tax at Rs 1.4 billion is 14% lower than our and consensus estimate, as revenue was impacted from Covid-19 disruption (supply chain issue).
Consolidated Ebitda margin remained healthy at 29% (up 50 basis points YoY) and was driven by export orders and cost management (employee strength reduced by 9% YoY).
In FY21, the company received orders of Rs 21 billion and order inflow could be strongly higher in FY22 as company is already level-one in order of Rs 14 billion.
Balance sheet continues to remain lean, cash flow was strong with operating cash flow at Rs 5 billion versus Rs 3 billion in FY20.
Click on the attachment to read the full report:
This 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.