RITES Q2 Review - Export Sales Revive; Robust Order Book To Drive Growth: Axis Securities

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..Axis Securities Report.RITES Ltd. reported a good set of Q2 FY22 numbers. The company reported revenue of Rs 755 crore, Ebitda of Rs 216 crore, and adjusted profit after tax of Rs 169 crore. It registered Ebitda margins of 28.6% in Q2 FY22 (our estimate: 27.4%) as against 29.2% in Q2 FY21. RITES booked consultancy sales of Rs 265 crore, export sales of Rs 341 crore, (no export sale in Q2 FY21 owing to the lockdown). Leasing of Rs 33 crore and turnkey of Rs 110 crore. While the margins of the consultancy segment stood at 46.8%, leasing/export/turnkey projects reported Ebitda margins of 38%/26%/1.8% respectively. During the quarter, higher export sales supported the revenue growth.RITES has an order book of Rs 6,425 crore (as of September 30, 2021), indicating revenue visibility for more than two-three years..Click on the attachment to read the full report:.DISCLAIMERThis 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.

RITES Q2 Review - Export Sales Revive; Robust Order Book To Drive Growth: Axis Securities

RITES Q2 Review - Export Sales Revive; Robust Order Book To Drive Growth: Axis Securities

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