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Centrum Broking Report
HG Infrastructure Engineering Ltd. Q2 FY21 results beats estimates.
PAT declined 15.3% YoY to Rs 327 million and was sharply above Centrum Broking's estimate of Rs 228 million driven by higher revenues/margins.
Revenue declined 1.4% YoY to Rs 4.7 billion (est: Rs 4.1 billion). Ebitda grew 4.9% YoY to Rs 769 million (est: Rs 639 million).
Ebitda margins expanded 100 basis points YoY to 16.5% (est: 15.5%) driven by lower other expenses.
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