HG Infra Q4 Review - Healthy Execution; Strong Growth Outlook: ICICI Direct

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

HG Infra Engineering Ltd. reported a robust set of Q4 FY21 numbers.

Standalone revenue improved 65% YoY to Rs 1,027.8 crore, clearly reflecting the sharp pickup in execution aided by healthy order book position and normalisation of labour availability/raw material supply chain post Covid-19 related disruptions.

Also, operating profit margin was at an elevated 16.2%, down 8 basis points YoY, on account of better project mix.

At profit after tax level, robust operating performance translated into 90.5% YoY growth (to Rs 97.7 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.