Sadbhav Engineering - Execution Likely To Pickup Post Q3: Prabhudas Lilladher  
A worker throws a rope while sitting on the roof bracing on a construction site in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Sadbhav Engineering - Execution Likely To Pickup Post Q3: Prabhudas Lilladher  

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Prabhudas Lilladher Report

Sadbhav Engineering Ltd. saw soft execution as revenues came in below our/ street estimates.

However, higher Ebitda margins lead to positive surprise on margins front.

On the back of healthy order book, strong bid pipeline, a significant ramp-up in five large projects (to take daily run-rate from current Rs 60-70 million to Rs 100 million), sharp uptick in toll collection (up 11% YoY in Q3) and expected provisional commercial operation date in four more projects by H1 FY22, execution and toll collection to remain strong going forward

Click on the attachment to read the full report:

Prabhudas Lilladher Sadbhav Engineering Q3FY21 Result Update.pdf

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