India's corporate sector could be staring at a deceleration in revenue and profit growth in the first quarter (Q1) of 2024-25 (FY25), with brokerages tempering their growth projections compared to the previous financial year.
Estimates for Q1FY25 suggest a further slowdown in revenue growth and flat-to-marginal growth in overall corporate earnings.
According to brokerages, the combined net profit of Nifty 50 companies could have grown by 1.6 per cent year-on-year (Y-0-Y) in the AprilJune 2024 period - the slowest in seven quarters. The index companies' net profit grew by 15.2 per cent Y-o-Y in Q4FY24 and by 38.9 per cent Y-0-Y in Q1FY24.
Similarly, the combined net sales (or net interest income for lenders) of these companies are expected to have risen by just 4.4 per cent Y-o-Y in Q1FY25, the slowest pace in 14 quarters. The index companies' net sales had increased by 8.4 per cent Yo-Y in Q4FY24 and 7.1 per cent in Q1FY24.
この記事は Business Standard の July 09, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の July 09, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Himalayan glacial lakes expanded 10.81% from 2011 to 2024: Govt
Glacial lakes and other water bodies across the Himalayan region saw a 10.81 per cent increase in area from 2011 to 2024 due to climate change, signalling a heightened risk of glacial lake outburst floods (GLOFs), according to a government report.
India rises as global player in petroleum, sugar exports
SURGING MARKET SHARE IN 5 YEARS
Bollywood's tall storey: Mega deals drive real estate boom
Bollywood's influence extends beyond films. The industry's top stars are known for their larger-than-life roles both on and off screen.
Festival spirit soars, so does pollution
Last Thursday, the skies of Delhi illuminated with Diwali celebrations, despite a ban on firecrackers.
Credit culture: What's that?
Many bankers are complaining about deteriorating credit culture. The villain is farm loan waivers. But some of the NBFCs too are contributing to it
PEELING THE KANDA EXPRESS
As trains loaded with onions chug along, what is the impact on farmers, consumers, and traders?
SROs and fintechs: The emerging plot
The Reserve Bank of India (RBI) recently recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation for fintech (SRO-FT) and is in the process of examining two other applicants.
Amber lights flashing
The microfinance business is turning cautious as delinquencies inch up, reports RAGHU MOHAN
Have a heart condition? Go for specialised cardiac plan
Before purchase, check for waiting periods, co-payment requirements, and sub-limits
Breaking the silence on death and money
Rekha and Rahul, both in their early forties, were batchmates at the Indian Institute of Management (IIM). They married soon after graduating and enjoyed successful careers in Bengaluru.
