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Entry Price

245.00

Target

300.00

Recommend Date

07-02-2021

Return

22.45 %
BUY

Date : 07-02-2021

PNC Infratech’s (PNC) execution was robust for the quarter, with revenue growth back, as expected and stable margins. Topline came in at | 1322 crore, up ~9% YoY, driven by strong execution and improved labour availability. EBITDA came in at | 179 crore, up 4.3% YoY, with margin at 13.5%, down 56 bps YoY. The company reported PAT of | 103.2 crore, up 33.7% YoY, led by a robust operating performance and partially aided by higher other income and lower interest costs.