16% Q2 revenue growth; BHEL, L&T poised for surprises
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓BHEL and L&T are poised for positive earnings surprises this quarter.
- ✓Renu Baid Pugalia from IIFL Institutional Equities said, "From the second quarter results perspective, we definitely see strong positive tailwinds for L&T, BHEL." Strong execution and margins should support growth for these firms despite slower domestic order inflows recently.
Story at a Glance
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- MARKET
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- CNBC TV18
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- 3 Minute(s)
- Market Focus
- India Economy
Renu Baid Pugalia, Senior Vice President – Research at IIFL Institutional Equities, expects the capital goods sector to remain in focus this earnings season, with Bharat Heavy Electricals Ltd (BHEL) likely to report the strongest improvement. She believes execution and margins will continue to support earnings across the sector, while order inflows are expected to improve in the second half of the financial year.
Baid expects BHEL, Larsen & Toubro (L&T), CG Power and MTAR Technologies to remain key beneficiaries of the ongoing investment cycle. While domestic ordering has been slower in recent months, she believes healthy order books and improving execution should continue to support earnings growth.
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