ICICI Securities: Capital Goods Q2 Earnings Preview - Limping Back To Normalcy; Headwinds Persist

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Project execution is limping back to normalcy as per expectations though there is a scare of further localised lockdowns and slowdown due to social distancing norms.The lull in order intake continues, especially from the private sector while public sector ordering traction is gradually picking pace albeit at a slow pace.Given the current fiscal conditions and urgency to get back the gross domestic product growth, we believe, the government will focus on large multilateral funded projects such as high-speed rail, metro, etc.This can also aid in job creation and lend a fillip to the infrastructure segment, which was reeling under the lockdown.We factor-in a revenue decline of 17.4% YoY in Q2 FY21E for our coverage universe, impacted largely by lockdown-related slowdown..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Capital Goods Q2 Earnings Preview - Limping Back To Normalcy; Headwinds Persist

ICICI Securities: Capital Goods Q2 Earnings Preview - Limping Back To Normalcy; Headwinds Persist

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