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