News: HG Infra Standalone revenue was up 18.4% YoY to ₹ 1506 crore. EBITDA margin stood at 16.2% (flat YoY). It witnessed 17.9% YoY growth in PAT to ₹ 139.5 crore.
Views: The performance during the quarter was strong and as guided 17-18% growth for FY25 by the company. The orderbook as of FY24 stood at ₹ 12434 crore, 2.4 TTM book to bill. Furthermore, the company has received orders worth ₹ 4905 crore in FY25YTD. Strong order inflows ensures that company’s execution outlook will be met. We await management commentary on margins, and inflows ahead.
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