Industrials (Q2FY26 Results Preview): Domestic ordering tepid, export order saviour
In Q2/H1FY26, we haven’t seen any pick-up in road awards as NHAI ordering remains subpar. Whilst the award pipeline is pegged at INR 3.5trn,...
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HSIE Results Daily: Siemens Energy, Shree Cement, ABB India, Sundaram Finance...
Siemens Energy: Siemens Energy Ltd (SEL) delivered a muted quarter with revenue/EBITDA/APAT of INR 17.8/3.4/2.6bn, miss on our estimates by -12.1/...
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Industrials (Q1FY26 Results Preview): Ordering pick-up awaited
LT, Cummins India, Siemens Energy and Kalpataru are our top picks in the capital goods space. In the infra space, we like HG, PNC and NCC.
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HSIE Results Daily: Britannia Industries, ABB India, Thermax, Jyothy Labs...
Britannia’s Q4FY25 results were a mixed bag, coming in below estimates on volume growth (3.5% vs HSIE est of 5%) and surprising us on the...
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Industrials (Q4FY25 Results Preview): Expecting Recovery
Government support in some sectors, while others stay muted: During Q4FY25, the government capex or awards pick-up is still subpar ex of T&D
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