External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Thematic (Sector/Industry)

<ul><li>In Q3FY25, the road construction companies under coverage are anticipated to report 3% degrowth YoY in revenue due to a lower executable orderbook in KNR Constructions Ltd and PNC Infratech Ltd.</li><li>EBITDA is expected to decrease by 4%, and APAT is projected to be 10.7% lower on YoY basis.</li><li>EBITDA margins are estimated at 14.2%, compared to 14.6% in the same period last year. </li></ul>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.

In Q3FY25, the road construction companies under coverage are anticipated to report 3% degrowth YoY in revenue due to a lower executable orderbook in KNR Constructions Ltd and PNC Infratech Ltd.EBITDA is expected to decrease by 4%, and APAT is projected to be 10.7% lower on YoY basis.EBITDA margins are estimated at 14.2%, compared to 14.6% in the same period last year. 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.

Q3FY25 Earnings Preview - INFRA-ROAD & OTHERS

<ul><li>The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.</li><li>EBITDA is expected to decline by 2.5%, while APAT is projected to be 1.5% higher YoY.</li><li>EBITDA margins are estimated at 14.2%, compared to 14.8% in the same period last year. </li></ul>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.

The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.EBITDA is expected to decline by 2.5%, while APAT is projected to be 1.5% higher YoY.EBITDA margins are estimated at 14.2%, compared to 14.8% in the same period last year. 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.

<ul><li>We anticipate road construction companies under our coverage to report revenue, EBITDA, and APAT growth of 11%, 8%, and 8% respectively YoY.</li><li>This expected growth can be attributed to improved execution by infrastructure companies, which consequently supported higher profitability during the quarter.</li><li>We estimate EBITDA margins to be 15%, compared to 14.5% QoQ and 15.5% YoY. </li></ul>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.

We anticipate road construction companies under our coverage to report revenue, EBITDA, and APAT growth of 11%, 8%, and 8% respectively YoY.This expected growth can be attributed to improved execution by infrastructure companies, which consequently supported higher profitability during the quarter.We estimate EBITDA margins to be 15%, compared to 14.5% QoQ and 15.5% YoY. 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.

<ul><li>We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 14%11%/13% YoY.</li><li>The expected growth can be attributed to better execution by Infra companies, which in turn, supported higher profitability during the quarter.</li><li>We estimate EBITDA margins to be 15.2% against 14.8%/15.7% QoQ/YoY. H2 is traditionally a better period for project execution for infra companies and profitability tends to improve. </li></ul>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.

We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 14%11%/13% YoY.The expected growth can be attributed to better execution by Infra companies, which in turn, supported higher profitability during the quarter.We estimate EBITDA margins to be 15.2% against 14.8%/15.7% QoQ/YoY. H2 is traditionally a better period for project execution for infra companies and profitability tends to improve. 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.

<ul><li>We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 13%/9%/9% YoY as growth in the last year was impacted by excessive monsoon rainfall.</li><li>The expected growth can be attributed to better execution by Infra companies, which in turn, supported higher profitability during the quarter.</li><li>H1 is traditionally a slow period for project execution for infra companies and it tends to improve in H2. </li></ul>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.

We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 13%/9%/9% YoY as growth in the last year was impacted by excessive monsoon rainfall.The expected growth can be attributed to better execution by Infra companies, which in turn, supported higher profitability during the quarter.H1 is traditionally a slow period for project execution for infra companies and it tends to improve in H2. 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.

India

RITES Limited is an Indian public sector undertaking that operates under the Ministry of Railways, Government of India. The company offers consultancy, engineering, and project delivery services across various infrastructure sectors, including railways, highways, metros, urban development, and airports. RITES also provides services like leasing and export of railway rolling stock and turnkey construction projects. Headquartered in Gurugram, Haryana, India, RITES was incorporated on April 26, 1974.

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RITES (RITE IN)

Q3FY25 Earnings Preview - INFRA-ROAD & OTHERS

In Q3FY25, the road construction companies under coverage are anticipated to report 3% degrowth YoY in revenue due to a lower executable orderbook...

Axis Direct

Q2FY25 Earnings Preview - INFRA-ROAD

The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.

Axis Direct

Infra-Road Q4FY24 Earnings Preview

We anticipate road construction companies under our coverage to report revenue, EBITDA, and APAT growth of 11%, 8%, and 8% respectively YoY.

Axis Direct

Infra-Road Q3FY24 Earnings Preview

We estimate EBITDA margins to be 15.2% against 14.8%/15.7% QoQ/YoY. H2 is traditionally a better period for project execution for infra companies...

Axis Direct

Infra-Road Q2FY24 Earnings Preview

We expect road construction companies under our coverage to report Revenue/EBITDA/APAT growth of 13%/9%/9% YoY as growth in the last year was...

Axis Direct

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