News: PNC Infratech reported strong set of numbers during Q2FY22 with topline and bottomline at standalone level wherein revenue on standalone basis improved 53.3% YoY to Rs.1,615 crore. On QoQ basis, the topline improved by 29.1%. EBITDA came in at Rs.221.6 crore, up 56% YoY. The consequent margin, was at 13.7% (up 23 bps YoY). PAT improved 95.4% YoY to Rs.135.4 crore aided by robust operating performance, and benign depreciation and interest expenses.
Views: While we await key KPI of order book and inflows, it is pertinent to note that PNC’s execution remained robust on the operational front. Healthy order book, comfortable leverage and working capital remains the strength of the company. Government focus on Roads and higher allocation in Budget, bodes well for the company.
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