Defence Sector Q2 Results Review - Orderbook Is Expected To Get Stronger: ICICI Securities

We expect robust earnings growth at improving margins for almost all companies going ahead.

Defence Expo 2022. (Photo: Vijay Sartape /Source:  BQ Prime)

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

ICICI Securities Report

Earnings calls go beyond numbers and provide an insight into the management’s thought process and outlook. In this compendium, we have put together the key takeaways for Q2 FY23 performance for companies under our coverage. Key highlights:

  1. Orderbook is expected to grow for all companies;

  2. margins are expected to expand on sourcing efficiencies;

  3. focus on enhancing exports; and

  4. peak earnings is expected for naval shipyard companies by FY25.

We maintain our positive outlook on the sector.

Click on the attachment to read the full report:

ICICI Securities Defence Compendium.pdf
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This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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