Industry expert MM Miyajiwala feels that the competition, in the capital good segment, has certainly intensified. "Dips in margins are likely to be seen across the capital goods sector," he warned.
MM Miyajiwala, Executive VP & CFO, Voltas spoke about the quarterly performance of the company and the road ahead. The company's current order book stands at Rs 4,900 crore.
In an interview with CNBC-TV18, MM Miyajiwala, Executive VP and CFO, Voltas says, there has been some pressure on the sale of ACs, not only for Voltas, but for all the players in the industry, he adds.
In an interview with CNBC-TV18, MM Miyajiwala, executive vice president and CFO of Voltas, spoke about his reading of the IIP numbers and his outlook.
Engineering projects and airconditioning firm Voltas' current order book will take care of revenues for FY12, and it is now widening its focus from the Middle East to geographies like South East Asia, a senior executive said.
Speaking to CNBC-TV18, MM Miyajiwala, Executive Vice President & CFO of Voltas said,”Overall, this move will improve the sentiment. It emphasizes that the government is focused on warehousing and infrastructural investment for foodgrains and agricultural produce. It is a move into right direction."
MM Miyajiwala, Executive VP & CFO of the company, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about business in the Middle East and his expectations from the finance minister in the budget.
Speaking to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, MM Miyajiwala, executive vice president and CFO at Voltas said lower margins in international markets is not a cause for concern for the company.
In his address to the press, executive vice-president of finance at Voltas MM Miyajiwala said the company should have a healthy start to fiscal year 2012. He continues to be confident of pick up in the electromechanical business in future quarters.