Q3FY24 results are as expected.

The accompanying Investor Presentation gives a rosy picture. Q4 FY24 numbers could be as per company’s predictions.

Hi Hitesh sir,

Many thanks for spreading knowledge. After your last assessment about NBCC, the stock has been on a non-stop rally reaching to the highs of 168 and now is cooling down. It seems that the stock has run quite a lot and has also reached a 6 year high backed by good volumes however as the results will be coming on 13 Feb. Do you think that the earnings will be able to justify this sharp rally or this was due to the craze built on the PSU theme. Please can you share your current assessment of the stock, whether it has still some steam left or is it time to be cautious? Many thanks in advance.

Hariom Pipe Results update:

-Revenue growth of 146% n QoQ fall
-EBITDA growth of 86% n QoQ fall
-PAT fallen QoQ n YoY led by dep & int exp
-Lack of disclosure in press release, what I believe industry weak demand + South flood had led the impact on operations
-Management released a simple press release compared to the last one which was detailed…
-Poor results were already backed in price as suggested by fall of 20% from ATH
-Behind the words guidance is given of 80-85% growth in FY24 over FY23
Q4E Sales: 360-375 cr
Q4E PAT: 15-17 cr
-Warrants money allotted can take care of Q4 WC requirements
-CF needs to be improved to have some impact on PAT & Free cash flows… if not happens then growth guidance (2500 cr revenue Target in FY26) will turn out to be a hindsight
-My honest review

No Reco
Disc: Invested

How you calculated forward PE 17 ?
Kovai doesn’t give Guidance IMO

What was the most important key learning from the con call today?