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This Article is From Apr 06, 2021

Infra Sector Earnings Preview - Broad Based Recovery In Q4: Prabhudas Lilladher 

Infra Sector Earnings Preview - Broad Based Recovery In Q4: Prabhudas Lilladher 

Infra Sector Earnings Preview - Broad Based Recovery In Q4: Prabhudas Lilladher 
A construction crane is illuminated by sunlight as it stands on a building development. (Photographer Adam Glamzman/Bloomberg)

BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We expect strong execution in Q4 FY21 for our infra coverage universe with expected revenue growth of 22.2% YoY (average) versus 6.1% in Q3 FY21.

Operating leverage will enable stable Ebitda margins despite inflationary environment.

Adjusted profit after tax is expected to increase by 87.5% YoY led by lower base, better operational efficiencies and lower interest rates.

We continue to prefer companies with strong balance sheet, controlled debt levels, good corporate governance, sustained working capital cycle and high book to bill ratio, as they will gain from ongoing awarding momentum.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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