New Delhi, Nov. 14 -- India's industrial equipment manufacturers could see a recovery in profit margins in the coming quarters as raw material prices and freight costs moderate, according to a report by Jefferies.

The report said crude oil prices and freight rates had surged 29 per cent and 131 per cent, respectively, since March 1, 2026, amid US-Israel-Iran tensions. However, crude oil prices declined 10 per cent after the US mid-term elections, while other commodity and freight prices stabilised or eased, ANI reported.

Jefferies expects lower input and logistics costs to support manufacturers, particularly in the generator-set (genset) segment, where margins could recover faster than expected.

Genset Manufacturers Face Margin Recover...