External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Ahluwalia Contracts: Ahluwalia Contracts (AHLU) reported revenue/EBITDA at INR 7.6bn, beating our estimates by 39/36%. However, higher-than-expected finance cost narrowed APAT beat to 23%. Credit loss provision of INR 340mn during the quarter impacted margins. Labour availability has improved after falling by 30% during April/May-21. Management has guided for 10-15% revenue growth, 11-12% EBITDA margin and INR 25bn order inflow in FY22. We have raised our FY22/FY23 estimates by 20/16% to account for pick-up in execution of a strong order book (OB) of INR 76bn.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Ahluwalia Contracts: Ahluwalia Contracts (AHLU) reported revenue/EBITDA at INR 7.6bn, beating our estimates by 39/36%. However, higher-than-expected finance cost narrowed APAT beat to 23%. Credit loss provision of INR 340mn during the quarter impacted margins. Labour availability has improved after falling by 30% during April/May-21. Management has guided for 10-15% revenue growth, 11-12% EBITDA margin and INR 25bn order inflow in FY22. We have raised our FY22/FY23 estimates by 20/16% to account for pick-up in execution of a strong order book (OB) of INR 76bn.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: PNC Infratech, Ahluwalia Contracts

India

PNC Infratech Limited operates as an infrastructure construction, development, and management company. The Company constructs highways, bridges, fly-overs, power transmission lines, and airport runways. PNC Infratech also provides construction services for waste management and industrial area development projects.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

PNC Infratech Ltd (PNCL IN)

HSIE Results Daily: PNC Infratech, Ahluwalia Contracts

Ahluwalia Contracts: Ahluwalia Contracts (AHLU) reported revenue/EBITDA at INR 7.6bn, beating our estimates by 39/36%. However, higher-than...

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)