LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Low base drives up India Inc's Q1 revenues 17%

India Inc reported a 17.1 per cent growth in revenues for the June quarter on a lower base in the year-ago period, a report said Thursday. "Indian corporate sector's aggregate revenues have grown by 17.1 per cent during the first quarter (Q1FY19), on a year-on-year basis," domestic rating agency Icra Ratings said in a note.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Low base drives up India Inc's Q1 revenues 17%
India Inc reported a 17.1 per cent growth in revenues for the June quarter on a lower base in the year-ago period. image source: Twitter
Written By: PTI
Updated: Fri, Sep 07, 2018
08:54 am
PTI
RELATED NEWS
Single compliance window to increase India Inc's efficiency, Ficci suggests Centre Single compliance window to increase India Inc's efficiency, Ficci suggests Centre
BSE's Bond platform helps India Inc raise over Rs 51,989 cr during lockdown BSE's Bond platform helps India Inc raise over Rs 51,989 cr during lockdown
Gadkari asks India Inc to clear outstanding payments to MSMEs Gadkari asks India Inc to clear outstanding payments to MSMEs
India Inc hails Trump's visit; hopes to raise India-US economic engagement India Inc hails Trump's visit; hopes to raise India-US economic engagement
What India Inc expects from US President Donald Trump's maiden visit What India Inc expects from US President Donald Trump's maiden visit

India Inc reported a 17.1 per cent growth in revenues for the June quarter on a lower base in the year-ago period, a report said Thursday. "Indian corporate sector's aggregate revenues have grown by 17.1 per cent during the first quarter (Q1FY19), on a year-on-year basis," domestic rating agency Icra Ratings said in a note.

The agency said it analysed 660 companies as part of the research and added that 26 of the 32 sectors it analysed have shown a revenue growth.

It said consumer-oriented sectors like auto, fast moving consumer goods, consumer durables, restaurants and airlines, and commodity-linked sectors like cement, iron and steel and oil and gas continue to do well, while sectors like capital goods, pharmaceuticals, media and fertilisers have also witnessed strong revenue growth.

"This growth has been achieved on low-base, adversely impacted by GST implementation in Q1 FY 2018 besides, healthy consumption-driven demand as well as pick-up in infrastructure spending," its group head for corporate sector ratings Shamsher Dewan said.

He, however, added that as compared to the preceding March quarter, the sales declined 2.4 per cent on seasonal factors.

Sectors that witnessed decent margin improvement were metals and mining (including iron and steel) due to up-tick in commodity prices and; the consumer food sector, supported by lower input costs like milk and sugar, the agency said.

Consumer goods, paints, FMCG and auto expanded their margins as they partially absorbed raw materials price hikes to mitigate the impact, it added.

Airlines, tiles and ceramics and cement sector witnessed significant erosion in margins due to rising fuel prices, while factors like subdued realisations (sugar), charter rates (shipping), decline in APRUs and rise in network costs (telecom) too exerted pressure on earnings of companies, it said. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
India Inc
RELATED NEWS
Single compliance window to increase India Inc's efficiency, Ficci suggests Centre Single compliance window to increase India Inc's efficiency, Ficci suggests Centre
BSE's Bond platform helps India Inc raise over Rs 51,989 cr during lockdown BSE's Bond platform helps India Inc raise over Rs 51,989 cr during lockdown
Gadkari asks India Inc to clear outstanding payments to MSMEs Gadkari asks India Inc to clear outstanding payments to MSMEs
India Inc hails Trump's visit; hopes to raise India-US economic engagement India Inc hails Trump's visit; hopes to raise India-US economic engagement
What India Inc expects from US President Donald Trump's maiden visit What India Inc expects from US President Donald Trump's maiden visit

LATEST NEWS

''Metro Man'' E Sreedharan formally joins BJP

Tesla's Musk says U.S. factory closed for two days due to parts shortages

PUBG Mobile 2: PUBG Mobile New State official trailer released, pre-registration on Google Play Store | All new features, details here!

Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector

US president believes it's important to modernise immigration system: WH By Lalit K Jha

7th Pay Commission: DA, TA, DR, salary hike—what central government employees and pensioners must know

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

Gold Price outlook: After record highs of around Rs 56191 and closing the year with 28% gains, here is what has happened now

UPJEE 2021 exam date announced; Check where to apply, how to apply and other details here

JKBOSE class 10 result declared on jkbose.ac.in: See how to check and download

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved