English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    Upcoming Webinar:Watch a panel of experts discuss: Challenges of continuously evolving regulation for Cryptocurrency, on 7th July at 3pm. Register Now
    you are here: HomeNewsBusinessMoneycontrol Research

    Construction sector Q2FY21 review: Back in action, time to hunt bargains

    After a 45 percent year on year drop in revenues, construction companies are getting their rhythm back, with key bottlenecks out of the way

    Jitendra Kumar Gupta
    November 25, 2020 / 03:06 PM IST
    Construction sector Q2FY21 review: Back in action, time to hunt bargains

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Sequential improvement in execution led to higher growth - Labour and work on site issues resolved, aiding higher execution - Margins improve on higher base led by lower input cost - Earnings outlook remains strong backed by strong order book - Stick to companies with strong balance sheet, orders and execution track record The June quarter was the worst quarter for the entire construction sector and the companies in our coverage had suffered a nearly-45 percent year on year drop in revenues. However, things have improved subsequently....

    • PRO Panorama

      Moneycontrol Pro Panorama | Commodity crush

      Jul 6, 2022 / 05:56 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Marico update says a lot, auto sales have miles to go, flight path turns choppy for airlines and more

      Read Now
    • PRO Weekender

      MC Pro Weekender | A new narrative

      Jun 25, 2022 / 12:28 PM IST

      Stock markets are celebrating the turn in inflation, but the bond markets are looking at the coming slowdown

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers