External broker reports(aggregated public sources), Nirmal Bang

Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<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

Sobha Ltd

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