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This Article is From Jan 11, 2024

Capital Goods Q3 Results Preview - Margin Expansion To Drive Profitability: Nirmal Bang

Capital Goods Q3 Results Preview - Margin Expansion To Drive Profitability: Nirmal Bang
Heavy engineering machinery inside a steel factory. (Source: SKY freepik)

NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We expect most companies under our coverage to deliver moderate growth on the back of execution of a robust order book. We expect topline growth of 10.5% YoY for companies under our coverage.

We are expecting 160 basis points YoY Ebitda margin improvement on the back of easing raw material costs, lower freight costs and better supply chain dynamics.

We continue to remain structurally positive on the sector from near- to medium term perspective on the back of recovery in the capex cycle and healthy order inflows, with the potential adverse impact on working capital being the key monitorable.

We expect Triveni Turbine Ltd. to deliver strong growth (+34% YoY) on the back of improved execution post strong order inflows. We expect Power Mech Projects Ltd. to register strong topline growth of 40% YoY, led by strong execution of its robust order book.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit 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 NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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