PNC Infratech Q1 Review - Moving With Strength: IDBI Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.PNC Infratech Ltd. Q1 FY23 profit after tax beat our/ consensus estimates by 38%/ 33%. Beat is on account of higher Ebitda margin of 14.7% (up 294 bps YoY) as company has booked early completion bonus of Rs 370 million. Going forward PNC Infratech has guided Ebitda margin at 13.5% and revenue to increase by 15% as order book is healthy at Rs 204 billion (equals three times FY22 revenue) including seven hybrid-annuity-model projects where appointed date is pending. Stock trades at times FY24E earnings per share versus historically average of 11 times. Stock catalyst is receipt of appointed date for HAM projects as executable order book is 63% of total order book and conclusion asset monetization, where equity of Rs 9 billion is invested by the company till date..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

PNC Infratech Q1 Review - Moving With Strength: IDBI Capital

PNC Infratech Q1 Review - Moving With Strength: IDBI Capital

Choose a plan