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The company had to handover one of the project back to government during the quarter leading to fall in revenue, says Satish Parakh, MD, Ashoka Buildcon.
Angel Broking has come with its December quarterly earning estimates for Infrastructure sector. According to the research firm, companies in our infrastructure universe are expected to report a subdued top-line growth of 12.8% (YoY) on the back of slowdown in execution.