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.
Anand Rathi Report
For the companies we cover, we expect ~11%/~7%/~4% YoY revenue/Ebitda/profit after tax growth in Q3 FY22. The pace of execution was soft due to headwinds in construction and the inflationary context.
Strong growth, however, continued in the short-cycle business. While orders from the private sector picked up, delay in government orders is likely to result in bunching up for Q4 FY22, with the probability of slippages. Yet, inflows rose sequentially.
Investment sentiment for private and infrastructure projects is positive and will not have been deterred by the Covid-19 third wave. Higher raw material prices and supply-chain constraints (higher freight costs, semi-conductor shortages) continue to be challenges for most businesses, hurting margins.
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