Execution momentum good; guidance retained for FY20; Maintain Buy In Q1, execution momentum grew, with revenue rising by 16% YoY. However, EBIDTA and PAT were marred by one off costs. The company retained the revenue and order inflow guidance given in Q4FY19, with the order pipeline in FY20 more promising in H2; The current order book is strong at `190bn. The T&D;, railways, and civil projects will drive earnings growth of 20% CAGR over FY19-21, in our view. We maintain our estimates considering strong revenue and order inflow guidance and solid return...