Domestic capital goods companies likely to report flat margins in Q4

Volumes expected to rise as demand picks up in select sectors, say experts

Domestic capital goods industry is gearing up for strong performance in 2021-22 (FY22), with margins for the March quarter expected to be flat year-on-year (YoY).
 
“The revenue volumes are looking up in the March quarter and may be up 8-9 per cent YoY. But with raw material prices going up for steel and other base metals, margins are seen flat for the quarter,” said Vimal Kejriwal, managing director and chief executive officer of KEC International.
 
The company’s order intake in the March quarter so far has been Rs 9,600 crore. Another Rs 6,000 crore are orders where the