Brokerage firms estimate that the capital goods sector will report double-digit growth in revenue and earnings for the July-September quarter (Q2) of 202425 (FY25). They noted that raw material prices have continued to ease over the past three months, while new order wins have increased.
Motilal Three brokerages Oswal, Kotak, and Elara Capital estimate revenue growth from 12 per cent to 22 per cent for Q2FY25.
They expect earnings before interest, tax, depreciation, and amortisation to rise by 13-18 per cent yearon-year (Y-o-Y) for their respective capital goods coverage.
Elara Capital highlights strong industrial demand and robust execution, supported by a healthy order backlog, as the main drivers of an expected 14 per cent Y-o-Y growth in sales.
This story is from the October 08, 2024 edition of Business Standard.
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This story is from the October 08, 2024 edition of Business Standard.
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