According to credit rating agency CRISIL, the Indian business sector’s revenue growth is anticipated to decline to 10–12% in the fourth quarter (Q4) of the fiscal 2022–23 (FY23) from 22.8–12% for the January–March period in 2022.
According to CRISIL, which examined 300 companies from 47 different industries, corporate profitability is anticipated to increase this fiscal year as commodity prices decline and volume-driven revenue growth takes hold.
According to the market intelligence and analytics division of CRISIL, the revenue is projected to have increased by 19–21% in FY23, which is a slower rate of growth than the above 27% rise seen in FY22. Operating margin is probably down 3 percentage points.
Continuing export challenges that have impacted volume growth and the high-base the primary factors behind the severe deceleration in topline growth for Q4 FY23. The textile industry’s revenue decreased year over year.
In terms of profitability, operating profit margin is predicted to have increased slightly for the second consecutive quarter—from 19% in the quarter ending in December 2022 to 19-20% in the quarter ending in March 2023.
Sehul Bhatt, its assistant director, was quoted in local media as saying that prices of important energy-related commodities including crude oil and non-coking coal “seem to have come off their earlier highs and will partially offset the impact of lower global demand.”
