Capital Goods Earnings Preview - Recovery Visible In Q4: Prabhudas Lilladher
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Prabhudas Lilladher Report
With labour availability reaching pre-Covid-19 level and ramp up in utilisation levels led by pick-up in economic activities, we expect Q4 to be strong quarter for our coverage universe.
Revenues are expected to grow by 12.1%/35.9% YoY/QoQ respectively for our coverage universe.
For project companies, given significant ramp up in execution across project sites and timely disbursement of payments, we expect a healthy revenue growth of 11% YoY.
For product companies, we expect 29% YoY revenue growth led by V-shaped recovery in economic activities along with lot of supply side issue being addressed.
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