News Digging > Editor's Picks > Buy This Midcap Infra Stock For 36% Potential Upside, Recommended By HDFC Securities
Buy This Midcap Infra Stock For 36% Potential Upside, Recommended By HDFC Securities
Buy This Midcap Infra Stock For 36% Potential Upside, Recommended By HDFC Securities,PNC Infratech (PNC) reported Q3FY23 revenue/EBITDA/APAT at INR 16.3/2.1/1.3bn, missing our estimates on all fronts by 5/7.9/10.1%. PNC expects ~90-95% of JJM water projects to be executed by FY25-end. PNC has maintained its revenue growth guidance of 10% YoY and EBITDA margin guidance of 13.3- 13.5% for FY23 and 10-15% revenue growth and 13.3-13.5% EBITDA margins for FY24.

Buy This Midcap Infra Stock For 36% Potential Upside, Recommended By HDFC Securities

PNC Infratech (PNC) reported Q3FY23 revenue/EBITDA/APAT at INR 16.3/2.1/1.3bn, missing our estimates on all fronts by 5/7.9/10.1%. PNC expects ~90-95% of JJM water projects to be executed by FY25-end. PNC has maintained its revenue growth guidance of 10% YoY and EBITDA margin guidance of 13.3- 13.5% for FY23 and 10-15% revenue growth and 13.3-13.5% EBITDA margins for FY24.