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Capital Goods Q3 Results Preview - Healthy Execution; Expected Margin Revival: Prabhudas Lilladher

Order inflows likely to remain healthy, owing to continued traction in new edge sectors and private capex picking up.

<div class="paragraphs"><p>Close view of a heavy machinery, equipment inside a factory. (Source: pxhere.com)</p></div>
Close view of a heavy machinery, equipment inside a factory. (Source: pxhere.com)

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. 

Prabhudas Lilladher Report

We expect our capital goods coverage universe to report healthy revenue growth in Q3 FY23, owing to strong opening order books, execution pickup, normalising supply chain situation and continued demand from domestic as well as key export markets.

We expect overall revenue growth of ~18.9% YoY (21.2% YoY excluding -Larsen and Toubro Ltd.) for our coverage universe.

Key monitorables from management commentaries will be guidance on margins, working capital, tender pipeline and update on supply chain scenario.

We continue to prefer companies with strong balance sheet, good corporate governance, well managed working capital and long-term scalability.

Click on the attachment to read the full report:

Prabhudas Lilladher Capital Goods Q3FY23 Earnings Preview.pdf
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