PNC Infratech Q3 Results Review - Inline; SPA Signed For Asset Monetisation: Centrum Broking

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..Centrum Broking Report.PNC Infratech Ltd.'s reported numbers largely in-line with our estimates with 11% revenue growth and 13.3% margins. The management has maintained its FY24 guidance of 10% revenue growth and 13-13.5% margins.In January 2024, PNC Infratech signed definitive agreement to sell 12 road assets to Highway Infra trust (KKR entity) for total EV of Rs 90 billion (Equity value Rs 29 billion: ~1.67 times return on invested equity).Though National Highways Authority of India /Ministry of Road Transport & Highways tendering has been sluggish in FY24, PNC Infratech’s healthy order book of Rs 174 billion (2.3 times trailing twelve months book-to-bill) provides enough headroom for growth in near term.Order prospects in other areas like drinking water (JJM) and railways, are being pursued by PNC, which should also aid in achieving its order inflow target in FY25.We maintain our 'Buy' rating on the stock with a revised target price of Rs 533 (Rs 460 earlier)..Click on the attachment to read the full report:.Fusion Micro Finance Q3 Review- Business Growth Strong; Punjab Portfolio Sees Higher Delinquencies: Systematix.DISCLAIMERThis 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.

PNC Infratech Q3 Results Review - Inline; SPA Signed For Asset Monetisation: Centrum Broking

Orderbook remains strong; inflow to improve in FY25 on strong pipeline.

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