Capital Goods Q1 Results Preview - Domestic Orders To Moderate; Margins In Focus: Prabhudas Lilladher

Prabhudas Lilladher Report

We expect our capital goods coverage universe to report healthy performance in Q1 FY25 owing to-

1. the execution of robust opening order books,

2. continued capex-led demand in the domestic market, and

3. strong traction in certain key export segments such as ETCA, turbines and power.

Overall, we expect revenue/Ebitda growth of ~11%/23% YoY (~13%/41% YoY excluding -L&T). European demand, execution pace, order and enquiry pipeline, and supply chain constraints will be key monitorables.

Our top picks are Praj Industries, Triveni Turbine, and Apar Industries.

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.