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Auto dealers’ revenue to lag

Automobile dealers’ revenue growth is expected to slow down to between 7-9% this fiscal. CV sales are seen flattish, again on an increased base created by the volume growth momentum of the past 2-3 fiscals, amid healthy demand from the infrastructure sector. Two-wheelers may provide some respite growing by 8-10% on a low base backed by recovery in rural and …

India Inc's Revenue Growth At 4-6% in Q4, Slowest Since COVID-19: Crisil

India Inc likely logged a 4-6 per cent revenue growth in January-March 2024, marking the slowest quarterly growth since recovery from the COVID-19 pandemic began in September 2021, according to a report by rating agency Crisil analysing 350 companies. Miren Lodha, senior director of CRISIL MI&A Research, said, “Even with slower revenue growth in March 2024 quarter, corporate revenue is …

Revenue

Indian Hospitality Industry To Clock Revenue Growth Of 11-13 Per Cent In FY25 On Robust Domestic Demand: CRISIL Ratings

The Indian hospitality industry is anticipated to log a revenue growth rate of 11 to 13 per cent in the upcoming 2024-25 fiscal year, helped by a consistent demand at the domestic level and an increase in foreign travellers, a survey by CRISIL Ratings revealed on Monday. Commenting on the industry trends, Anand Kulkarni, Director, CRISIL Ratings, said, “The domestic …

New Delhi: Offline clothing retailers are set to report 7-8% revenue growth in FY24 helped by festival and marriage season demand and a step up in store expansion, according to a note by ratings firm Crisil released on Wednesday. Crisil analysed 39 organised apparel retailers that accounted for a fourth of the ₹1.9 lakh crore revenue last fiscal for the …

Global headwinds to deeply impact IT revenue growth in FY24, says CRISIL

Global macroeconomic and financial sector headwinds are set to take a deep toll on the domestic IT companies' revenue growth in FY24, a report said on Friday. The ₹10 lakh crore sector is likely to witness revenue growth plunging by up to 9 percentage points to 10-12% in FY24 as against the nearly 20% growth estimated in FY23, Crisil Ratings …

Revenue Growth

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil

The Crisil estimate is based on an analysis of 300 companies accounting for 55-60 percent of the market capitalisation Mumbai: Disruptions in business activities caused by the second wave of the pandemic may bring India Inc revenue down by 8-10 percent sequentially in the June quarter to Rs 7.3 lakh crore, as per a report. India Inc is likely to …

The States are headed for a fourfold expansion in their revenue deficit this fiscal over the last year due to far lesser tax collections, Crisil Ratings said in a report. “This will not only expand States’ aggregate gross fiscal deficit to an all-time high of ₹8.7 lakh crore, or 4.7% of GSDP, but also skew its composition towards revenue deficit …

Revenue Deficit

MSMEs face existential crisis as revenues dip sharply: Crisil

The micro, small and medium enterprises sector faces an existential crisis due to acute shortage of revenue, according to ratings agency Crisil. Across the country, the deadly pandemic has hit consumer discretionary, construction and export-linked MSMEs — all of these businesses have been impacted due to a sharp dip in domestic consumption and a sloppy supply chain. The country has …

MUMBAI: Micro, small and medium enterprises, across sectors, will be severely impacted when the Indian economy contracts this fiscal, according to credit rating agency, Crisil. The agency has predicted a 5% contraction and said as India Inc heads towards a 15% decline in revenue and 25% fall in earnings before interest, taxes, depreciation and amortisation, MSMEs will see a steeper …