The price hikes, coupled with falling costs and rising demand growth, will enable 200-250 bps on-year improvement in margins in the current quarter. That said, sustainability of these prices beyond the current quarter appears uncertain as demand momentum is seen coming off in the first half of next fiscal given the impending elections.
Global iron ore prices have surged 30% to $90/ tonne as of February 2019 from $69 per tonne in December 2018 because of supply disruption…
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.
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.
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.
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
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…
Suspicious states, which now have to depend on the Centre to get their share of GST revenues. Many of them are using flying squads (manned by their Road Transport Organisation/Authority personnel) to stop vehicles on highways or at dismantled check-post zones to scrutinize the goods being transported, in an apparent attempt to corroborate their GST revenues
Among the factors driving up passenger preference for cab aggregators is the cost per kilometre. Our study shows the cost of hailing an aggregator cab is Rs 19 per km, compared with Rs 18 for a traditional taxi, and Rs 22 for own car. A shared aggregator cab is available for as low as Rs 11 per km, and offers the convenience of doorstep pickup, chauffeur, and air conditioning
The calculation assumes annual toll revenue growth of 7-8% and return on equity of 14-16%. Theoretically, Rs 40,000 crore can fund the construction of 2,800 km of four-lane national highways, which would be equal to the execution expected in fiscal 2017, says Crisil Research