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Strong Q1 likely for capital goods firms with low costs, healthy execution

For companies, such as BHEL, the street will also watch out for further clarity on the non-power segment

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2 min read Last Updated : Jul 19 2023 | 2:00 PM IST

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Capital goods companies are likely to report double-digit growth in sales and profit for the first quarter of the 2023-24 financial year (Q1FY24), according to analysts. The performance will ride on lower raw-material costs and healthy execution of orders.

Sales by capital goods companies are likely to increase 13-20 per cent year-on-year (YoY), five domestic brokerage firms said. YoY growth in profit after tax (PAT) at such companies is expected to be between 21 per cent and 37 per cent, three domestic brokerages said.

The Street will watch out for guidance on new order inquiries, order execution and working capital management in

Topics : Capital goods Q1 results capital goods sector Capital goods companies Larsen & Toubro

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