Name: Latest research reports of JMC Projects (India) Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: JMC Projects (India) Ltd.
Rating: 5
Author: HDFC Securities

JMC Projects (India) Ltd.

NSE: JMCPROJECT | BSE: 522263 | ISIN: INE890A01024 | Industry: Construction & Engineering
| Expensive Star

JMC Projects (India) Ltd.

01 Nov 2018

JMC Projects (2QFY19): Robust performance. Maintain BUY

Buy: JMC Projects (India) Ltd.

Target

HDFC Securities

Maintain BUY with an increased SOTP of Rs 163/sh. JMCP 2QFY19 revenue came at Rs 7.3bn (11.3% YoY, 6.5% QoQ). EBITDA margins of 10.6% (+90bps higher than expected) and an effective tax rate of 23.7% led to a higher PAT of Rs 301mn (+49% 2QFY19 beat).