India Inc set to post flat 2% revenue growth, says Crisil

Crisil said Ebidta growth is expected to improve by 180 bps to 5.8 per cent compared with 4 per cent in the first half of the current financial year,propelled by improvement in gross margin.

By: ENS Economic Bureau | Mumbai | Published: January 6, 2016 1:44:37 am

India Inc (excluding banks, financial services and oil & gas companies) is expected to show a revenue growth of 2 per cent in the quarter ended December 31, 2015, driven by low-base effect amid crushed commodity prices, weak demand, flagging rural consumption, Crisil Research has said.

The revenue growth in the year-ago quarter was just 5 per cent. If sectors with topline linked to the commodity cycle (steel, petrochemicals and manmade fibres) are excluded, revenue growth would improve – but only by 5.4 per cent.

Crisil said Ebidta growth is expected to improve by 180 bps to 5.8 per cent compared with 4 per cent in the first half of the current financial year,propelled by improvement in gross margin.

For all the latest Business News, download Indian Express App

Share your thoughts
Advertisement
Advertisement
Advertisement
Advertisement
Adda
Advertisement