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ICICI Direct Report
The Anup Engineering Ltd. reported robust Q2 FY21 numbers with strong top-line growth, improved order book and robust execution.
Optically margins look to have deteriorated as the base quarter had one-off execution with free issue materials wherein the customer had supplied raw materials for the job.
However, the management has asserted their guidance of sustaining 26% Ebitda margins on a longer horizon.
Revenue for the quarter came in at Rs 87 crore, up 40% YoY led by robust execution and strong order pipeline.
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