Infra stocks results preview for Q3FY12: KRChoksey

KRChoksey has come with its quarterly earning estimates for Infrastructure sector.

The overall data for projects' financial closure has declined by 43% to Rs 803 bn (QoQ) for Q1FY12. Sectors like Road & T&D has shown encouraging awarding activities but power, oil & gas and industrial capex are muted in terms of order inflows in FY12E. The ordering activity of 5,600 KM is awarded till date out of ~7,300 KM planned by NHAI; PGCIL has also awarded Rs 120 bn orders till date.