Q3 was stronger than expected, but the guidance remains unchanged. This signals to us that Q4 will not be as strong as Q3. Also, Q3 profitability was supported by a couple of one-time items. Wind power pipeline of 3,000 MW remains unchanged. There is some pressure to lift our FY2022 estimates, but we do not see that much pressure on FY2023-24 estimates. All-in-all, good results and small positive share reaction is justified, in our view.
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