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Oct 10, 2012, 11.57 AM IST
KR Choksey has come with its September quarterly earning estimates for power and capital goods sector. According to research firm, the sales growth is expected on back of carry forward orders.
KR Choksey has come with its September quarterly earning estimates for power and capital goods sector. According to research firm, the sales growth is expected on back of carry forward orders. L&T is expected to drive growth in sales.
Operating margins are expected to be under pressure considering intense competition and subdued order inflow, which has lead to aggressive biding in the industry. Higher interest cost on account of stretched working capital is expected to impact net profit growth, epsecially in MHE & transmission space.
Tags: KR Choksey, power and capital goods sector, L&T, BHEL, Crompton, ABB, KEC, Kalpataru, Jyoti, Tecpro, BGR, Elecon, Sterlite, Adani
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