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.
An improvement in end-user participation on rising affordability, increasing launch of units with mid-income ticket sizes, and implementation of the Real Estate (Regulation and Development)…
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.
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.