Q4 earnings: Capital goods industry to benefit from govt's infra push

Building on a low base, the domestic capital goods industry is expected to post 20-23 per cent year-on-year (YoY) top line growth in the seasonally strong March quarter (Q4), led by both government infrastructure projects as and private sector investment.   Both normalisation and better liquidity are lending support to the sector.   “We expect our coverage universe to report 22-49 per cent YoY growth in sales/Ebitda (earnings before interest, depreciation, taxes and amortisation) driven by a low base and a sharp sequential pickup in execution,” analysts at Edelweiss s.....

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