Sir if we look at promoter pledge, then almost 97 percent holding is Pledged in gayatri. So that’s the main point of consideration. Prima facie observation of mine, didn’t look in detail.
@chintri these pledges are for business loans, so not that worrisome. There will be no margin call or distress selling
All pledges (or atleast 99.99% of all) are for business loans. No one pledges his shares to do personal expense.
The pledge in itself is not the problem as long as they are able to have enough cash flow to cover interest payment.
8da2b535-605e-4127-8336-8855afcd7de6.pdf (169.3 KB)
Great results posted by PNC in for the year and quarter ended March, 2021.
Please note the results were better than last year if you deduct the one-time arbitration award of 109 crores from the EBITDA, and 109cr + 36cr from the PAT.
Deducting the arbitration award the consolidated results is as follows:
FY20 FY21 %change
|Revenue- 5493cr | 5787cr | +5%
|EBITDA- 1218cr | 1418cr | +15.17%
|PAT- 405cr | 497cr | +20.40%
With revenue visibility of three years, the company is poised to generate more revenues along with higher profits.
Invested & will add more if the price drops from these levels.
Road construction in km per day touched new heights despite Covid. Now bank funding to road sector has increased sharply. Outlook for the sector looks positive, maybe weak Q1 results due to 2nd wave led disruption could mean an opportunity.
Source: No Stopping, Express way ahead...
PNC has received a bonus of Rs 82.68 crores (.04% of the contract price) from the UP govt for early completion of the Prvanchal Expressway from Sansarpur to Gobindpur.
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