ICICI Securities Limited
Revenue, EBITDA expected to grow 9.6%, 14.5%, respectively Overall, the coverage universe revenue is expected to grow 9.6% YoY owing to further rebound in execution sequentially at engineering and T&D; companies like L&T;, KEC, KPTL, BEL and Cochin Shipyard. The international business is likely to aid performance of companies like L&T;, KEC, AIA, Elgi, etc. We expect EBITDA to grow 14.5% YoY mainly due to positive operating leverage in product companies and better execution by EPC companies as economy gradually normalises. Consequently, overall PAT is...
More from Capital Goods
Recommended