Yes Securities Broker Research reports

PNC Infratech (PNC) reported decent set of numbers during Q4 FY20withstandalonerevenuegrowing7.6%yoydespiteCOVID19 relatedshutdownimpacting10daysofexecutionduringMar'20.Its operating margin remained strong at 13.5% (down 55 bps yoy)....

We expect, labour shortage to impact execution during H1 FY21. However, the timely receipt of appointed date in Rewari project would support execution in H2 FY21. On overall basis, we expect...

Improvement in realizations for the company (NSR +2.5% y/y)wasmajorlyoffsetbyincreaseinenergycostsdueto higherrelianceonimportedcoal(visvisprocurementof lowercostdomesticcoallastyear).Accordingly,EBITDA/te...

Operating performance: Slump in volumes was offset by robust pricing scenario in Gujarat during Q4FY20 (NSR +19%y/y)andsofterenergycosts.Accordingly,EBITDA/te ofSNGIstoodatRs1,069sturdygrowthof65%y/ywhile absoluteEBITDAgrewby~12%toRs514mn. Leverage position: Total Net debt/EBITDA of company...

pressure in FY21. Major projects like CIDCO (~Rs.45 bn) are not expectedtocontribute meaningfullybefore Q4 FY21. Also,severe shortageoflaboracrossprojectsunderexecutiontohitrevenues. Operating margin is likely to be under pressure in near term as...

an opportunity of increasing its international deal win share especiallyinmarketslikeEurope,LATAM&Africa. We derive comfort from TMX's proven ability to emerge strongeraftereverydownturnduetostrongcashflowcontrol...

Management is not expecting significant growth in current fiscal withrecoveryinloandemandseenonlyfromQ4FY21.OnNIMs, company is more sanguine on the outlook with expectations of persistent decline in funding cost in ensuing quarters and a...

Out of its Portfolio of 5 HAM Projects, a) KNR Srirangam has achieved 37.4% physical progress,b)KNRTirumalaachieved54.4%,c)KNRShankampetachieved43.7%andd)KNR Somwarpeth achieved 6.9% progress. In the 5th HAM project namely KNR Palani, the companyhassubmittedfinancialclosuredocumenttoNHAIon22ndMay'20andexpectsto...

due to uncertainties, however it is banking on new orders in heavy civil, water & power TD from States & Central govt, backedbyfundingfrommultilateralagencies. Though8090%ofL&T;'ssitesareoperationalcurrently,labour squeeze at projects sites (~40% availability) poses execution challengesinH1FY21.Itexpectsthingstonormalizein30days. WhileL&T;willfaceneartermheadwindsonnewordersand execution,wethinklongtermoutlookremainsstrongledby,i)...