BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We expect Q2 FY22 to be a strong quarter led by-
revival in economic activity post steady upliftment of lockdown restrictions,
steep rise in vaccination drive,
rising capacity utilisation and
increasing capex spends by government and private players.
For our coverage universe we expect revenue growth of 15.6% YoY, though on last year’s lower base.
Project companies may report a revenue growth of 11% YoY, led by pickup in order execution and timely payment from government agencies.
Product companies are expected to report revenue growth of 18.2%, led by improving supply side constrain and strong demand from both domestic as well as exports market.
We believe risk of increasing commodity price will be offset by new orders getting executed, improving operational efficiency and increasing focus on cost rationalisation measures, resulting in steady margins going forward.
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