External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

External broker reports(aggregated public sources)

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<p>We were pleasantly surprised by the relatively strong operating cash flow in 4QFY21 despite a meagre 3% YoY increase in collections. Cash flow from operations (CFO) increased from Rs2,141mn in 4QFY20 to Rs2,347mn in 4QFY21. The CFO post interest and tax stood at Rs1,506mn in 4QFY21, up 32% YoY. Revenue declined by 39% YoY, sending the net profit lower by 65% YoY due to the revenue recognition standard IND-AS 116, which recognises income only on completion of a project....</p><div class="content-highlight"><em>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.</em></div>

We were pleasantly surprised by the relatively strong operating cash flow in 4QFY21 despite a meagre 3% YoY increase in collections. Cash flow from operations (CFO) increased from Rs2,141mn in 4QFY20 to Rs2,347mn in 4QFY21. The CFO post interest and tax stood at Rs1,506mn in 4QFY21, up 32% YoY. Revenue declined by 39% YoY, sending the net profit lower by 65% YoY due to the revenue recognition standard IND-AS 116, which recognises income only on completion of a project....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.

Sobha- 4QFY21 Result Update- Strong cash flows help in improving balance sheet

India

Sobha Limited provides construction services. The Company offers design and architecture, mechanical, plumbing, interiors, landscape, residential, commercial, and civil construction services. Sobha serves customers in India, Singapore, and United Arab Emirates.

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Sobha Ltd (SOBHA IN)

Sobha- 4QFY21 Result Update- Strong cash flows help in improving balance sheet

We were pleasantly surprised by the relatively strong operating cash flow in 4QFY21 despite a meagre 3% YoY increase in collections. Cash flow from...

Nirmal Bang

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