EBITDA margin improved by 23bps to 13.7% aided favourable project mix and lower employee cost (as a % of revenue). PNC has not received any orders in H1FY22 however, the order book remains healthy at Rs13,178cr which is 2.3x TTM revenue and provides revenue visibility for two to three years. PAT grew by 95% YoY helped by lower tax rate of ~26% (vs 36% in Q2FY21) and higher other income. H1FY22 revenue grew by 46% YoY and the company has guided...