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.
Anand Rathi Report
Driven by 44%/63% YoY growth in its agriculture/industrials divisions, Kirloskar Oil Engines Ltd.’s Q3 FY21 Rs 8 billion revenue was better than expected (our estimate Rs 7.5 billion).
Industrials revenue growth was driven by strong demand from all its sub-segments aided by advance buying of BS-III engines.
Agriculture revenue growth was led by crop irrigation pumps, farm mechanisation, tractor parts and exports.
Power generation was dented by weak execution in railways.
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