Revenue growth seemed to be propelled by volume, particularly in the domestic market, while realisation either declined or grew at a sedate pace, reports CRISIL Market Intelligence and Analytics. Of the 47 sectors tracked, all but 13, accounting for 10 percent of the revenue, recorded an on-year pick-up in revenue growth. In all, the analysis covered 350 companies (excluding financial services and oil and gas sectors).
Revenue growth would have been stronger but for the decline in agri-linked sectors such as fertilisers, consumer staples such as edible oils, industrial commodities such as chlor-alkalis, and commodity chemicals and aluminium. In the September quarter, on-year revenue growth had improved after easing for four quarters on the trot. Construction-linked sectors, which together account for 20 percent of overall revenue, grew 5-7 percent as construction activity picked up post the lean monsoon season, thereby augmenting growth in the cement and steel industries as well.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ADANI COMMITS $10 BN IN US ENERGY, INFRA PROJECTS
\"As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs.\"
Onion prices remain sky high, govt to cap rate at Rs 35/kg
In response to a steep 42.18 per cent increase in vegetable prices as per CPI inflation data of October, driven largely by soaring onion prices, Consumer Affairs Secretary Nidhi Khare says the government is taking urgent steps to curb the impact on consumers.
CAIT alleges unfair trade practices by quick commerce companies
CAIT urged regulatory bodies to intervene and ensure that quick commerce platforms adhere to fair trade practices and protect the interests of small traders.
Sensex nosedives nearly 1,000 pts
\"Indian equity markets slipped after opening in positive territory due to a sell-off across the sectors amid a rise in dollar index and relentless foreign outflows-- ICRA Analytics.
Single malt brand Indri looks at going global
Piccadily Agro Industries, the makers of Indri, on Wednesday, announced its moonshot venture at taking an Indian whisky to the global stage.
No rate cut seen in February: SBI
The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
DE-CIX AND GCX FORGE STRATEGIC PARTNERSHIP TO ENHANCE CONNECTIVITY
The world's leading Internet Exchange (IX) operator, DE-CIX, and submarine cable operator, GCX have signed a strategic partnership agreement to enhance global connectivity.
IDFC FIRST Bank unveils startup lounge to empower entrepreneurs
IDFC FIRST Bank, today announced the launch of a startup lounge, an exclusive space designed to support entrepreneurs and empower early-stage startups in India.
ISWAI are the registered owners of titles RUSTAM-E-HIND
\"BHARAT-KESARI\" etc. and have been promoting and conducting Traditional Indian Style Wrestling Events/Competitions for more than 68 years.
MediSun Energy and HSL Constructor Collaborate to Drive Sustainable Water
MediSun Energy, a leader in pioneering osmotic (blue) energy technology, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with HSL, a prominent Singapore-based infrastructure and environmental engineering and construction firm.
