Defence Sector Q2 Results Review - Orderbook Is Expected To Get Stronger: ICICI Securities
We expect robust earnings growth at improving margins for almost all companies going ahead.
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ICICI Securities Report
Earnings calls go beyond numbers and provide an insight into the management’s thought process and outlook. In this compendium, we have put together the key takeaways for Q2 FY23 performance for companies under our coverage. Key highlights:
Orderbook is expected to grow for all companies;
margins are expected to expand on sourcing efficiencies;
focus on enhancing exports; and
peak earnings is expected for naval shipyard companies by FY25.
We maintain our positive outlook on the sector.
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