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.
ICICI Direct Report
One-off impairment impacted PNC Infratech Ltd.'s reported margins. Standalone revenue was up 15.1% YoY to Rs 1,522 crore.
Reported Ebitda at Rs 165.5 crore was down 7.3% YoY with margin at 10.9%, down 263 basis points YoY. The company has booked Rs 39 crore towards impairment of Ghaziabad Aligarh Expressway Pvt. Ltd. (associate company).
Adjusted for this, PNC Infratech's margin was at 13.5%. Profit after tax was at Rs 81 crore, down 21.5% YoY. Considering one-time impairment cost, profit after tax improved 17% YoY to Rs 120.4 crore.
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 author entity and do not represent the views of BloombergQuint.
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.
