Capital Goods Q2 Results Preview - Margin Expansion To Drive Profitability: Nirmal Bang

Nirmal Bang Report

We expect most companies under our coverage to deliver good growth on the back of execution of a robust order book. We expect topline growth of 17.5% YoY for our coverage universe.

We expect 41 bps YoY Ebitda margin improvement on the back of easing raw material costs and operating leverage benefits.

We continue to remain structurally positive on the sector from a near-to-medium term perspective on the back of robust capex cycle and healthy order inflows.

We expect Triveni Turbine to deliver strong growth of 26.8% YoY on the back of improved execution post strong order inflows. We expect Power Mech Projects to register strong topline growth of 29.6% YoY, led by strong execution of its robust order book.

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