New Delhi, Jan. 8 -- : Capital goods companies are poised to see revenue growth at a healthy 16-18 per cent during current financial year ending March 2023 on account of improved order flows, said Crisil Ratings.
Revenue growth in the next financial year starting April 2023 too is expected to be in double digits.
Capital goods companies here include procurement, and construction (EPC) service providers (excluding road and civil construction) and manufacturers of equipment.
"Revenue growth is expected to remain healthy, in double digits, at 10-12 per cent next fiscal as well, supported by a strong order backlog and steady inflow of fresh orders. This takes forward two consecutive strong years for a sector that saw sluggish growth1 in the ...