Corporates’ margins remain flat
Mumbai: India Inc is set to report a 6-8 per cent slowdown in revenue growth in the April-June period, making it the fourth straight quarter of a dip in the key number, an arm of rating agency Crisil said on Tuesday.
However, from a profitability perspective, corporate India is set to report an increase in margins to 20 per cent as against 19.6 per cent in the year-ago period, due to softness in the commodity prices, Crisil Market Intelligence and Analytics said in a note. Moderation in the revenue growth will be on the back of low realizations and a high base, it said. The revenue growth will be two percentage points lower than the one observed in the preceding January-March quarter, it said, adding that this will be the first time in eight quarters that the listed companies will show a sequential decline in revenue growth.