Capital Goods Q3 Earnings Preview: Premium Valuations Factoring In An Anticipated Recovery, Says Anand Rathi
Workers walk past machinery in the mineral selection shop. (Photographer: Qilai Shen/Bloomberg)

Capital Goods Q3 Earnings Preview: Premium Valuations Factoring In An Anticipated Recovery, Says Anand Rathi

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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

With the greater scale of operations/utilisation, we expect engineering, procurement, construction/ product companies to post better performances in Q3 FY21.

Orders have been robust across segments (except transmission and distribution) with Larsen and Toubro Ltd.’s orders expected at approximately Rs 700 billion-750 billion aided by large ones including high-speed rail.

Sectors showing order traction are pharma, auto, food and beverages, data centres, railways, water, T&D and oil and gas.

Our channel check suggests 80- 90% of pre-Covid-19 utilisation.

Click on the attachment to read the full report:

Anand Rathi Engineering and Capital Goods Q3FY21 Reult Preview.pdf

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