Rating agencies analyzed 300 companies, excluding the financial services and oil and gas sectors.
This shows the first year-over-year decline in the 12 quarters. In 27 of the 40 sectors that CRISIL Research is tracking, rating agencies are likely to reduce their EBITDA margins, the rating agency said in a press release.
According to CRISIL, India’s corporate profitability fell 100-120 basis points (bps) in the year-ago quarter, as defined by interest rates, taxes, depreciation and pre-amortization profits, in the third quarter of the year. It may drop by 70-100bps. Ready-made garment and cotton yarn manufacturers’ revenues increased 30-35% year-on-year amid rising exports.
For the sector, consumer discretionary margins may decrease by 130-150 bps year-on-year and export-related margins may decrease by 200-250 bps. For information technology services, increased subcontracting contracts could reduce margins by 230-250 bps, while steel products and pharmaceuticals could record 110-130 bps reductions, respectively, due to higher input costs.
During the first nine months of the year, the EBITDA margin rose 80-100 bps year-on-year to 22-24%, supported by last year’s low base. EBITDA’s profit growth should settle at 10-12% year-on-year, compared to 47% of the scorching heat timed in the first half of this year. This was also enhanced by the low base effect.
Soaring commodity prices have increased corporate profits by 16-17% to reach Rs 91,000.
Revenue growth is as expected, but the underlying reason has changed over the last three quarters. Volume growth remained sluggish, but price increases provided some offset, CRISIL added.
Fiber2Fashion News Desk (DS)
var BlockNumber = 2; //Infinate Scroll starts from second block
var NoMoreData = false;
var inProgress = false;
$(‘html’).bind(‘pagebeforecreate’, function (event) {
$(“#arftslider”).addClass(“slickfoardis”);
$(“#arftslider nav”).addClass(“aros”);
$(“#arftslider nav div div div”).addClass(“aros”);
});
$(document).ready(function () {
var newsId = $(“#hdnnewsId”).val();
GetPrevNextNews(newsId)
CreateReadNewsCookie(newsId)
var hdnAudioURL = $(“#hdnAudioURL”).val();
var hdnIsDisplayAudioPlayer = $(“#hdnIsDisplayAudioPlayer”).val();
var hdnNewsType = $(“#hdnNewsType”).val();
if(hdnIsDisplayAudioPlayer!=undefined && hdnIsDisplayAudioPlayer!=” && hdnIsDisplayAudioPlayer!=null
&& hdnIsDisplayAudioPlayer!=’undefined’ && hdnIsDisplayAudioPlayer.toLowerCase() == ‘true’)
{
if(hdnAudioURL!=undefined && hdnAudioURL!=” && hdnAudioURL!=null && hdnAudioURL!=’undefined’)
{
if(hdnNewsType.toLowerCase() == ‘free’)
{
AppendAudioControltoDiv(hdnAudioURL)
}
}
}
var top_of_element = $(“#divFacebookComments”).offset().top;
var bottom_of_element = $(“#divFacebookComments”).offset().top + $(“#divFacebookComments”).outerHeight();
var bottom_of_screen = $(window).scrollTop() + $(window).innerHeight();
var top_of_screen = $(window).scrollTop();
$(window).scroll(function (event) {
var p = $(“.news-details-main”);
var offset = p.offset();
var lastScrollTop = offset.top;
var st = $(this).scrollTop();
var p1 = $(“.newsletter-main”);
var offset1 = p1.offset();
var lastScrollTop1 = offset1.top;
if (st > (lastScrollTop + 130) && st < lastScrollTop1 – 780) {
$("#arftslider").removeClass("slickfoardis");
}
else {
$("#arftslider").addClass("slickfoardis");
}
//Facebook plugin start
//(function () {
// var e = document.createElement('script');
// e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js';
// e.async = true;
// document.getElementById('fb-root').appendChild(e);
//}());
//window.fbAsyncInit = function () {
// FB.init({ appId: '1639088046145622', version: 2.4, xfbml: true });
// if (typeof facebookInit == 'function') {
// facebookInit();
// }
//};
//function facebookInit() {
// FB.XFBML.parse();
//}
//Facebook plugin end
});
});
$(window).load(function () {
$("#arftslider nav").removeClass("aros");
$("#arftslider nav div div div").removeClass("aros");
});
function AppendAudioControltoDiv(hdnAudioURL)
{
$("#divaudioid").prepend("“);
}
Revenues from Indian RMG and cotton yarn manufacturers increased 30-35% year-on-year in the third quarter of 2010.
Source link Revenues from Indian RMG and cotton yarn manufacturers increased 30-35% year-on-year in the third quarter of 2010.
The post Revenues from Indian RMG and cotton yarn manufacturers increased 30-35% year-on-year in the third quarter of 2010. appeared first on Eminetra.
