Capital Goods Q3 Earnings Preview: Rebound To Strengthen Topline Growth, Says Prabhudas Lilladher
A worker welds large scale explosive mining equipment (Photographer James MacDonald/Bloomberg)

Capital Goods Q3 Earnings Preview: Rebound To Strengthen Topline Growth, Says Prabhudas Lilladher

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

For our coverage universe, Q3 FY21E is expected to be a strong quarter versus H1 FY21 as labour availability rebounded to pre Covid-19 levels across projects site and utilization levels picked up with the revival in economic activities across the globe.

We expect revenues to grow by 4% YoY versus a decline of 12%/33% YoY in Q2/Q1 respectively for our coverage universe.

For product companies, we expect 13% YoY revenue growth as order inflows remain healthy in all segments as supply-side issues have already been addressed.

Click on the attachment to read the full report:

Prabhudas Lilldher Capital Goods Q3FY21 Earnings Preview.pdf

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