Brokerage firms estimate that the capital goods sector will report double-digit revenue and profit growth for the July-September (Q2) quarter of 2024-25 (FY25). They noted that commodity prices have continued to decline over the past three months, while new orders have increased.
Three brokerages – Motilal Oswal, Kotak and Elara Capital – estimate revenue growth for Q2FY25 from 12 per cent to 22 per cent. They expect earnings before interest, taxes, depreciation and amortization to increase 13 to 18 percent year-on-year for their respective capital asset coverage.
Elara Capital highlights strong industrial demand