Engineers India This fall Assessment – Robust Efficiency In Turnkey Section: Prabhudas Lilladher

0
10

BQ Blue’s dedicated research section gathers high quality and detailed equity and economic research reports from India’s leading brokerage houses, asset managers and research agencies. These reports provide BloombergQuint subscribers with an opportunity to expand their understanding of companies, sectors, and the economy.

Prabhuda’s Lilladher Report

Engineers India Ltd. had solid performance in the fourth quarter, led by accelerated turnkey execution and robust operational performance.

EBIT margins rose 274 basis points to 5.6% in Q4 FY21 due to strong execution and release of provisions.

Despite the pandemic, orders were good at ~ Rs.7 billion in the fourth quarter, which resulted in the management forecast of $ 15-16 billion.

The incoming orders come mainly from the domestic consulting segment (~ 93%).

In the short term, we expect the second wave of Covid-19 to impact the company’s performance.

Click the attachment to read the full report:

Prabhudas Lilladher Engineers India Q4GJ21 Results Update.pdf

Read document

DISCLAIMER

This report was prepared by an external party. BloombergQuint is not responsible for the accuracy of the content or for it in any way. The content of this section does not constitute investment advice. You must always seek advice from an expert who is tailored to your individual needs. The views expressed in the report are those of the author and do not reflect the views of BloombergQuint.

Users are not licensed to copy, modify, or distribute the content without the permission of the original owner.