Lockdown impacts execution
Project execution by Thermax was impacted in Q1FY21 due to the Covid-related lockdown resulting in the company reporting EBIDTA loss of Rs1..
Tendering and order activity slips in Aug’20
Key trends seen in Aug’20
* With the gradual lifting of the lockdown, tendering and awarding activity had ..
Deep dive into National Infrastructure Pipeline – much ado about data collation!
* The Finance Ministry has revealed an online dashboard showcasing 6,633 project..
Surprises with revenue growth against all odds
Receivables from Telangana government need to be monitored
* KNR Construction (KNR) outperformed in terms of executi..
Covid-19 impacts execution, dispatches…
Consolidated revenue came in at | 665 crore, down 52.2% YoY (vs. our estimate of | 716.4 crore) on the back of slower e..
Order inflows decline sharply; Outlook remains hazy
* Thermax’s (TMX) 1QFY21 performance was severely impacted by the COVID19 pandemic with revenue down 52% YoY..
Operating performance disappoints; Outlook weak
Export opportunity unlikely to pan out before FY23
* Cummins (KKC) reported weakest top line performance (-63%YoY) ..
Decent volumes amid economic disruptions…
AIA Engineering (AIA) reported consolidated revenues at | 580.3 crore (above our estimate of | 460.2 crore), down 20.9..
Resilient performance despite headwinds
Led by stable performance of T&D segment despite lockdown-related challenges, KEC reported better than expected revenue and..
Healthy execution amidst headwinds
AIA Engineering (AIAE) has reported better-than-expected earnings in Q1FY21, supported by mining volumes, which grew 1% Yo..
Lockdown impacts growth
Siemens witnessed 59% YoY drop in revenue in Q3FY20 due to weak demand on account of Covid-19 related lockdown. The company reported EBIDTA los..
UCP season gone; Projects business faces execution challenges
UCP revenue down 70% YoY as leverage increases
* Blue Star (BLSTR) barely managed to report operatin..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rate decision, US stimulus likely constraints to rupee's further appreciation
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Hyundai Motor India adds new Board members
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