Capital Goods, Power Q3 Results Preview - Strong Inflows, Execution: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.For Q3 FY23E, all engineering, procurement and construction companies under our coverage are expected to witness strong order inflows with improved execution. Larsen and Toubro Ltd. announced EPC orders in the range of ~Rs 20,500-34,000 crore (as on date, excluding services segment) across railway, hydrocarbon, power transmission and distribution, water treatment, heavy engineering, buildings and factories segments. In the T&D space, KEC International Ltd. has announced decent order inflows of Rs 3956 crore aided by orders from T&D (domestic, international markets), railways, civil, etc. Overall, order inflows are expected to remain strong, with some project deferrals across key segments to Q3 FY23E. However, the order pipeline remains robust across T&D, green energy corridor, data centres, railways, transportation, water and infrastructure, etc. Key risks remain project delays/deferrals, lower conversion rate..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Capital Goods, Power Q3 Results Preview - Strong Inflows, Execution: ICICI Direct

For Q3 FY23E, all EPC companies under our coverage are expected to witness strong order inflows with improved execution.

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