India Inc Revenue Growth Seen lower In Q3
India Inc is expected to report a margin contraction of ~50 basis points (bps) on-year for the quarter amid rising raw material costs across sectors.
CRISIL Research
Rain Dearth, Low Reservoirs Crop Rabi Sowing By 26 Lakh Hectares
Sowing as of December 14, which accounts for ~81% of the total sowing in rabi season, was down 5.25% on-year to 476 lakh hectare compared…
Govt Needs Rs 1 Lakh Crore In 3 Years To Build 1 Crore Houses
As of November 26, 2018, although 63 lakh houses had been sanctioned, only 12 lakh have been constructed, while 23 lakh are under construction. Andhra Pradesh, Uttar Pradesh, Maharashtra, Madhya Pradesh and Tamil Nadu together accounted for 55% share of the sanctions. The ministry aims to sanction 75 lakh houses and construct 30 lakh of them by the close of this fiscal.
Road Turns Rough For Small Fleet Operators
CRISIL estimates a whopping 250-300 bps dent in the EBITDA margins of Small Fleet Operators in fiscal 2019.
Fuel Price Cut: OMCs Face Rs 3,500 Cr Hit In Q3 Operating Profits
Oil marketing companies (OMC) may be looking at a Rs 3,500 crore blow to their operating profits this quarter following the finance ministry’s announcement of a reduction in petrol and diesel prices by Rs 2.50 per litre.
Margins Of Large HFCs, MFIs Stable Despite Borrowing Cost Rise
Housing finance companies (HFCs) and non-banking finance companies (NBFCs), which have cruised on lower borrowing costs and easy access to finance in the recent years, are set for some hiccups as the interest rate cycle reverses course.
Economy In Recovery Mode
The growth revival in fiscal 2019 would be consumption-led, with mild support from investments. A normal monsoon in 2018, benign interest rates, the return of pent-up demand and implementation of house rent allowance (HRA) revisions at the state government level would support growth, together with the government’s thrust on rural and infrastructure sectors.
Q4 Corporate Revenue Growth Seen At 9%, Margin Pain To Ease
Sectors such as automobiles, retail, and auto components are expected to log improvement in EBIDTA margins, while for FMCG, natural gas, construction, and aluminum, the margins would be flattish
New Vehicle Scrappage Policy Unlikely To Perk Up Demand Significantly
The much-awaited vehicle scrappage policy has received a go-ahead from the Prime Minister’s Office and is awaiting approval from the Goods and Services Tax (GST)…
Revenue Growth To Hit 5-Year High In Q3, But Margins’ Improvement May Have Topped Out
The aggregate topline of companies in India’s key sectors is expected to have grown ~ 9% on-year in the third quarter of fiscal 2018, estimates…