External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>GR Infraprojects Ltd. (GRIL) reported Q1FY25 numbers below expectations.</li><li>The company recorded revenue of Rs 1,897 Cr, down 12% YoY.</li><li>EBITDA stood at Rs 247 Cr, down 22% YoY, and PAT amounted to Rs 152 Cr, down 27% YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd. (GRIL) reported Q1FY25 numbers below expectations.The company recorded revenue of Rs 1,897 Cr, down 12% YoY.EBITDA stood at Rs 247 Cr, down 22% YoY, and PAT amounted to Rs 152 Cr, down 27% YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd - Robust Project Pipeline & Higher Dividend to Drive Profitabilty

<ul><li>GR Infraprojects Ltd. (GRIL) reported a weak set of numbers in Q3FY24.</li><li>The company recorded revenue of Rs 1,806 Cr, a decrease of 5% YoY, attributed to the delay in awarding AD for HAM projects.</li><li>EBIDTA stood at Rs 228 Cr, down 18% YoY, below expectations due to delay in receiving appointed date,negative operating leverage and delays in realizing operating revenue. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd. (GRIL) reported a weak set of numbers in Q3FY24.The company recorded revenue of Rs 1,806 Cr, a decrease of 5% YoY, attributed to the delay in awarding AD for HAM projects.EBIDTA stood at Rs 228 Cr, down 18% YoY, below expectations due to delay in receiving appointed date,negative operating leverage and delays in realizing operating revenue. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd - Challenging Quarter; Retain HOLD

<ul><li>The revenue from operations grew by 2.9%to Rs 8,148 Cr in FY23 from Rs 7,919 Cr in FY22.</li><li>The said growth was largely contributed by the increase in the sale of services and products and the increase in other operating revenue.</li><li>As of 31st Mar’23, the company’s order book stood at Rs 26,780 Cr.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The revenue from operations grew by 2.9%to Rs 8,148 Cr in FY23 from Rs 7,919 Cr in FY22.The said growth was largely contributed by the increase in the sale of services and products and the increase in other operating revenue.As of 31st Mar’23, the company’s order book stood at Rs 26,780 Cr.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

G R Infraprojects Ltd - Delay in Appointed Date to Impact Revenue Growth

<ul><li>GR Infraprojects Ltd.(GRIL) reported a weak set of numbers in Q2FY24.</li><li>The company reported revenue of Rs 1,574 Cr (down 11% YoY) due to disruptive monsoon, delay in the declaration of AD for various projects and delay in 2 Punjab projects.</li><li>It posted EBIDTA of Rs 194 Cr (down 25% YoY), marginally down from our expectations. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd.(GRIL) reported a weak set of numbers in Q2FY24.The company reported revenue of Rs 1,574 Cr (down 11% YoY) due to disruptive monsoon, delay in the declaration of AD for various projects and delay in 2 Punjab projects.It posted EBIDTA of Rs 194 Cr (down 25% YoY), marginally down from our expectations. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GR Infraprojects Ltd - Weak Quarter; Delays in Appointed Date Pose Concern

Thematic (Sector/Industry)

<ul><li>During the quarter, road infrastructure companies under our coverage reported Revenue/EBITDA/PAT growth of 0%/33%/40% YoY, against our expectation of 6%/0%/10% YoY.</li><li>The performance deviation was primarily due to soft execution and exceptional gains accounted for during the quarter by PNC Infratech and KNR Construction.</li><li>EBITDA margins improved by 570bps QoQ and 270bps YoY, driven by the exceptional gain reported.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

During the quarter, road infrastructure companies under our coverage reported Revenue/EBITDA/PAT growth of 0%/33%/40% YoY, against our expectation of 6%/0%/10% YoY.The performance deviation was primarily due to soft execution and exceptional gains accounted for during the quarter by PNC Infratech and KNR Construction.EBITDA margins improved by 570bps QoQ and 270bps YoY, driven by the exceptional gain reported.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Top Sector Ideas - Infra-Road : Q1FY25 Review

India

G R Infraprojects Limited provides infrastructure construction services. The Company constructs and maintains roads, highways, bridges, culverts, flyovers, and airport runways. G R Infraprojects serves customers in India.

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G R Infraprojects (GRINFRA IN)

GR Infraprojects Ltd - Robust Project Pipeline & Higher Dividend to Drive Profitabilty

GR Infraprojects Ltd. (GRIL) reported Q1FY25 numbers below expectations. The company recorded revenue of Rs 1,897 Cr, down 12% YoY.

Axis Direct

GR Infraprojects Ltd - Challenging Quarter; Retain HOLD

EBIDTA stood at Rs 228 Cr, down 18% YoY, below expectations due to delay in receiving appointed date,negative operating leverage and delays in...

Axis Direct

G R Infraprojects Ltd - Delay in Appointed Date to Impact Revenue Growth

The said growth was largely contributed by the increase in the sale of services and products and the increase in other operating revenue.

Axis Direct

GR Infraprojects Ltd - Weak Quarter; Delays in Appointed Date Pose Concern

The company reported revenue of Rs 1,574 Cr (down 11% YoY) due to disruptive monsoon, delay in the declaration of AD for various projects and delay...

Axis Direct

Top Sector Ideas - Infra-Road : Q1FY25 Review

During the quarter, road infrastructure companies under our coverage reported Revenue/EBITDA/PAT growth of 0%/33%/40% YoY, against our expectation...

Axis Direct

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