- 10 May 2023
- ICICIdirect
Strong topline performance and margins expansion!
H.G. Infra Engineering Ltd | CMP: 1731 | Market Cap: 11,281.10
Strong topline performance and margins expansion!
HG Infra reported a strong set of numbers in Q4FY23. While topline was strong with superior led by robust execution, EBITDA margin came in better than our expectations with better project mix and softened input prices.
Q4FY23 Earnings Summary
The performance in Q4FY23 remains strong.. We have a positive outlook on HG Infra mainly on account of a) its comfortable order book position, b) better revenue visibility, c) healthy operating margin, d) comfortable balance sheet position (to be further enhanced post asset monetisation proceeds) and e) healthy return ratios. We await management commentary on future outlook, FY24 order inflows target and asset monetisation proceed timeline. We would be coming out with a detailed report post the conference call.
Impact: Positive