 "capital goods firms")
Brokerage firms estimate that the capital goods sector will report double-digit growth in revenue and earnings for the July–September quarter (Q2) of 2024-25 (FY25). They noted that raw material prices have continued to ease over the past three months, while new order wins have increased.
Three brokerages — Motilal 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 year-on-year (Y-o-Y) for their respective capital goods coverage.
Elara Capital highlights strong industrial demand