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ICICI Direct Report
HG Infra Engineering Ltd. reported a robust set of Q4 FY21 numbers.
Standalone revenue improved 65% YoY to Rs 1,027.8 crore, clearly reflecting the sharp pickup in execution aided by healthy order book position and normalisation of labour availability/raw material supply chain post Covid-19 related disruptions.
Also, operating profit margin was at an elevated 16.2%, down 8 basis points YoY, on account of better project mix.
At profit after tax level, robust operating performance translated into 90.5% YoY growth (to Rs 97.7 crore).
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