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Prabhudas Lilladher Report
Capacite Infraprojects Ltd. posted a decent set of results with revenues falling 55% YoY due to gradual recovery seen in labour availability in Q2 and overall prolonged impact of pandemic in Mumbai Metropolitan region.
However, currently all project sites have commenced operations with cumulative labour force already above pre-Covid-19 levels.
With its largest project City and Industrial Development Corporation of Maharashtra (Rs 45 billion) moving to full-fledged execution stage, strong momentum in private sector order book, healthy collections (Rs 3.6 billion in Q2) and overall traction in the real estate sector (especially MMR), the company is poised for a strong H2 FY21E and even stronger FY22E.
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