NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
The reduction in public capital expenditure by the Centre, states, and Central public sector enterprises in the current financial year can be attributed primarily to the effects of the general election in Q1 FY25, which resulted in a significant halt in activities.
The latest circular from the ministry instructs the National Highways Authority of India to prioritize the enhancement of current national highways and the construction of new ones, with an allocated budget of Rs. 1.4 trillion.
Furthermore, the Ministry has compiled a comprehensive state-wise list of projects scheduled for award in the current fiscal year, amounting to approximately 7,500 km. MORTH is expected to provide enhanced clarity on order awarding activities, leading to increased momentum in project awarding starting September 2024.
Nevertheless, the total project awards are anticipated to be significantly lower than those observed in FY2021-FY2023.
Companies' key focus will remain on order book diversification in non-road segments. Enhanced execution capabilities will support. The quarter is expected to observe mixed performance with revenue growth/Ebitda de-growth/PAT de-growth of ~1%/~18%/~19% YoY for our coverage universe.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
