While this has been in keeping with what the management had been indicating in the past few quarters, worry on future order inflows could dent investor sentiment.
In Q3, the lack of large-ticket orders and a high base led to a 10% year-on-year (y-o-y) drop in inflow to ₹2,204 crore. Order inflow last quarter was driven by the momentum in base orders, which are smaller-sized orders typically below ₹200 crore.
What's more, the management is confident about a strong pipeline in base orders, going ahead. A higher presence of base orders could mean the execution of projects and income realization can be faster.
Diese Geschichte stammt aus der February 15, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der February 15, 2023-Ausgabe von Mint Mumbai.
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