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This Article is From Jan 11, 2022

Real Estate, Infra Q3 Earnings Preview - Healthy Growth Likely: ICICI Direct

Real Estate, Infra Q3 Earnings Preview - Healthy Growth Likely: ICICI Direct
Laborers work at a construction site for residential buildings in Chennai, India. (Photographer: Kuni Takahashi/Bloomberg)

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.

ICICI Direct Report

We expect healthy revenue growth for construction companies on a YoY basis driven by improved execution, albeit order inflow trend is mixed. For real estate companies, sales volume is likely to witness strong growth by favorable macro drivers, demand and new launches (in some case).

Going ahead, Omicron led restriction and likely launches in Q4 will be key monitorables for real estate companies.

We anticipate residential sales momentum will remain healthy driven by sustained demand, benign interest rates and new launch offtake.

Click on the attachment to read the full report:

DISCLAIMER

This 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 author entity 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.

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