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This Article is From Nov 13, 2020

Dolat Capital: KNR Constructions’ Spike In Execution From Q3 FY21E  

Dolat Capital: KNR Constructions’ Spike In Execution From Q3 FY21E  
Workers prepare bracing while working at the National Highway 24 road widening and bypass project near the Indirapuram township in Ghaziabad. (Photographer: T. Narayan/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.

Dolat Capital Report

KNR Constructions Ltd. posted revenue in line, however, Ebitda margins and profit after tax came in above estimates.

The company posted 10.1%/ down 1.4%/19.5% YoY growth in revenue/Ebitda/ adjusted profit after tax to Rs 6.0 billion/ Rs 1.2 billion/ Rs 611 million in Q2 FY21.

We maintain our revenue estimates and slightly increase our Ebitda margin estimates by 213/49 basis points for FY21E/ FY22E factoring H1 FY21 results.

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 brokerage and do not represent the views of BloombergQuint.

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