ECONOMY

HG Infra Q4 Review – Appointed Dates Sought, Inspiring FY23 Targeted: Anand Rathi

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Though delayed appointed dates for certain recent orders kept HG Infra Engineering Ltd.’s Q4 FY22 operations revenue average, the performance is comforting as it arose from a smaller effectively under-execution order backlog, implying unscathed proven execution abilities.

Thus, an effectively greater under execution order book has potential for it to deliver better.

With a slew of orders set to be appointed soon and substantial additions aimed at in FY23 (led by the mostly-closed Ganga Expressway), an encouraging FY22 is projected to be followed by a good FY23.

The balance sheet, too, is well placed to scale new highs.

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