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India Inc witnesses dip in both revenue growth as well as margins in Q3FY19: ICRA

ICRA, a credit rating agency, in its latest report has said India Inc witnessed a dip in both revenue growth as well as margins in third quarter of current financial year (Q3FY19) as compared to the preceding quarter (Q2). However, when compared to the same period a year-ago, revenue growth has come in at a handsome pace, but margins crimped.

The margins got narrowed in the third quarter on account of a rise in energy and raw material costs as well as the adverse impact of rupee fall. Airlines, cement and building materials (tiles and glass) reported a decline in margins because of sharp increase in fuel prices, while automobile OEMs, consumer durables, paints and media (news print) also saw margin contraction because of rising input costs.

The report mentioned that the analysis is based on the aggregate numbers reported by 648 listed companies, which showed a revenue growth of 17.3% in Q3 down from 19.4% in the preceding three months and 9.8% in the year-ago period. It further stated that the operating margins came in at 16.4% as against 16.6% in the quarter-ago period and the 17.1% in the year-ago period.

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