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Ideas for Profit | Road Construction: Hopes for a clearer growth path

February 27, 2020 / 04:18 PM IST
Ideas for Profit | Road Construction: Hopes for a clearer growth path

Key highlights - Q3 financials suffer from slower execution - Traffic growth resumption helps BOT road players - Order book to revenue ratio shrinks but expected to improve - Expecting coming quarter to be better, as awarding of orders picks up - Valuations turn attractive selectively Road sector companies continue to report poor financial performance, despite major government announcements on spending and execution plans for roads. Data of eight listed road construction companies for the December 2019 quarter show report a 4% year on year decline in revenues. On an...

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