Capital Goods Q3 Earnings Preview: Robust Execution, Order Inflows To Aid Growth, Says ICICI Direct
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Capital Goods Q3 Earnings Preview: Robust Execution, Order Inflows To Aid Growth, Says ICICI Direct

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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.

ICICI Direct Report

Q3 FY21E is likely to be a reasonable quarter for the capital goods universe in terms of order inflows while execution may further improve sequentially as we expect execution pick-up with workers almost returning to sites reaching more than approximately 95% of pre-Covid-19 levels during the quarter amid normalising economic activities.

Product companies are likely to post a decent quarter amid rebound in key industries like automobile and industrials.

Key risks remain project delays/deferrals and less-than-expected conversion of the tendering pipeline.

Click on the attachment to read the full report:

ICICI Direct Capital Goods Q3FY21 Result Preview.pdf

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