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 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.

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