Buy PNC Infratech; target of Rs 234: Prabhudas Lilladher
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prabhudas Lilladher issued a buy rating for PNC Infratech with a target price of Rs 234.
- ✓The company reported Q2FY27 results where profit fell to INR 0.73bn.
- ✓Management said they secured INR 42.6bn in orders so far.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Prabhudas Lilladher's research report on PNC Infratech PNC Infratech delivered an in-line operating performance in Q2FY27, with revenue broadly in line with our and consensus estimates, while EBITDA remained flat YoY as higher operating costs weighed on profitability. PAT declined to INR 0.73bn (-12%YoY), missing our and consensus estimates, impacted by higher depreciation and finance costs. Management reiterated FY27/FY28 revenue guidance of INR 60bn/75bn and FY27 order inflow guidance of INR 120-150bn, with INR 42.6bn secured so far.
The company has identified ~80 projects worth INR 1,800bn for bidding through January 2027, with 17 bids worth INR 166bn already submitted. The High Court's interim relief on the debarment order restores PNC's eligibility to bid for NHAI, MoRTH and NHIDCL projects.
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