Mumbai: India Inc.
is set to post revenue growth of 18-20 percent for July-September compared to the period of the years, the Domestic Rating Agency Crocil said on Thursday ahead of the archival of quarterly income by the company.
Topline handsome growth will be driven by higher volumes and higher commodity prices, rating agencies.
However, input price increases may have limited the expansion of profit margins operating for companies when compared to the previous quarter, the body said.
The company has taken a careful approach as soon as the emergence of pandemics and is forced to become a number of cost control steps including salary deductions that result in businesses that are mostly protected even on demand.
Crisil said the recovery for Q2 was seen in all sectors, led by higher volumes and commodity prices.
The volume advantage is caused by a low-quarter low-quarter base 2021, which sees regional locking and slower economic activities.
Of the 40 sectors represented by a sample set of 300 companies (excluding financial and oil services), 24 is expected to grow more than 20 percent, he said.
If someone does not include sectors that are linked to commodities such as steel and aluminum products, overall growth is expected to be lower at 15-17 percent, he added.
However, in sequence, income is likely to increase by 8-10 percent in the second quarter of FY2022 because requests are affected in the first quarter because of the second wave of Covid-19.
For the first half of fiscal 2022, overall income is estimated to have reached the 15.8 lakh crore Rs, up 30-32 percent during the first semester of fiscal 2021, he said.
From a sectoral perspective, he said discression and construction of consumers will encourage revenue growth, and telecommunications will also be in a positive region.
Aluminum players are expected to increase their income by 45-50 percent, assisted by estimated 40 percent of domestic price increases and 5-7 percent increase in volume, while the same for steel companies will reach 40 percent.
The ITES company will have a two-digit income growth in this quarter, while the lack of chip will limit the growth of the automotive industry’s income to 4-6 percent.
The operational profit margin is expected to increase 1-1.20 percent compared to the annual year period, but it fell 0.40-0.80 percent compared to the June quarter.