Engineering and capital goods firms are largely expected to report steady double-digit growth in revenue and earnings for the March 2024-ended quarter, according to analysts.
However, margins of companies could remain a mixed bag.
Brokerage firm Motilal Oswal expects growth in revenue and earnings before interest, taxation, depreciation and ammortisation (Ebitda) to be in the early teens.
Similarly, Nuvama expects a 13 per cent growth in both earnings and revenue of the capital goods companies in its universe.
Domestic brokerage firm Centrum also indicated double-digit growth in revenue and Ebitda for most of the companies in its capital goods coverage.
In the March 2024 quarter (Q4 FY24) preview of the capital goods sector, analysts with Centrum noted that they expect the strong earnings growth momentum to continue.
This story is from the April 06, 2024 edition of Business Standard.
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This story is from the April 06, 2024 edition of Business Standard.
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