{"id":5730,"date":"2021-10-08T14:24:49","date_gmt":"2021-10-08T08:54:49","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=5730"},"modified":"2021-10-08T14:28:06","modified_gmt":"2021-10-08T08:58:06","slug":"indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/","title":{"rendered":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

As the earnings season starts with Tata Consultancy Services declaring their results\u00a0after market hours\u00a0on Friday, Corporate India is likely to report a revenue increase of 18-20% to Rs 8.2 lakh crore in Jul-Sep quarter, compared to the same period last year, according to rating agency Crisil.<\/p>

Crisil said the estimates are based on the analysis of 300 companies on the National Stock Exchange that account for 55-60% of the market capitalisation. These 300 companies does not include financial services and oil companies.<\/p>

Overall revenue of the sample of 300 companies is expected to have risen to about Rs 15.8 lakh crore in the first half of this fiscal, a gain of 30-32% year-on-year.<\/p>

The rating agency said that the higher revenue growth was driven by continued recovery in demand for consumer discretionary products and dearer commodity prices.<\/p>

Sales from consumer discretionary items like automobiles is expected to have risen by 19-21% year-on-year, aided by higher realisations and volume. Sequentially, revenue from consumer discretionary products is expected to have risen 23-25% as demand was affected by the severe second wave of the pandemic during the first quarter.<\/p>

Automobiles sector’s turnover is estimated to have swelled 27-30% sequentially, led by an increase in realisations. This is expected to have a positive rub-off effect on growth for ancillary segments such as auto components and tyres. Auto component makers are likely to have grown by 12-14% and Tyre industry is expected to have risen by 6-10% quarter-on-quarter.<\/p>

Sectors which are linked to construction are estimated to have increased by 22-25% compared to the corresponding period last year, due to low-base effect of last fiscal. However, the sectors’ growth is likely to have a moderate\u00a0growth of 3-5% sequentially due to seasonal weakness that slowed down execution and volume growth.\u00a0<\/p>

Overall volume growth year-on-year is forecasted to be in single digit across key segments except commercial vehicles, while total revenue on a sequential basis is likely to have grown by 8-10%.<\/p>

Sequentially, the overall revenue growth could have slowed down to 8-10%, as export-linked sectors such as IT services and pharmaceuticals weighed on the overall revenue, despite growing at a stable 4-6%.<\/p>

The 300 companies represent 40 sectors and out of it, 24 sectors are estimated to have grown by more than 20% year-on-year. But overall revenue growth would be slightly lower at 15-17% excluding commodity sectors such as steel and aluminium.<\/p>

The moderate growth in revenue is expected to have trickled down to earnings before interest, tax, depreciation, and amortisation (Ebitda), which is estimated to have increased by an average 5-7% sequentially. However, on an yearly basis, Ebitda margin is estimated to be 24-27% higher because of the low-base effect.<\/p>

As a result, operating profitability margin, i.e., Ebitda margin, would have narrowed by 40-80 basis points quarter-on-quarter as companies would have found it difficult to pass on the increase in raw material cost, according to Crisil.\u00a0Almost half of the 40 sectors are estimated to register a fall in Ebitda margin sequentially\u00a0amid rising input costs.<\/p>

\u201cThe ability of companies to pass on the surge in commodity prices is limited\u00a0it would have put a cap\u00a0on higher margins. Crude oil prices were up approximately 71% in the second quarter year-on-year, and steel rose by about 47%. Power and fuel expenses\u00a0rose\u00a0as coal prices doubled and\u00a0over 4x higher spot gas prices. These would add to the woes, leading to margin contraction in the power and cement sectors,\u201d said Hetal Gandhi, Director, CRISIL Research.<\/p>

For the first half of fiscal 2022, overall Ebitda margin of the 300 companies is estimated at 22-24%, expanding by 200-250 bps compared to same period last year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"As the earnings season starts with Tata Consultancy Services declaring their results\u00a0after market hours\u00a0on Friday, Corporate India is…","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[65],"tags":[78,286,285,287,77],"class_list":{"0":"post-5730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-industry","7":"tag-nifty","8":"tag-q2","9":"tag-results","10":"tag-second-quarter","11":"tag-sensex","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nIndian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\" \/>\n<meta property=\"og:site_name\" content=\"Flattrade Kosh\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-08T08:54:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-08T08:58:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/10\/1-SM580528.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Flattrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Flattrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\"},\"author\":{\"name\":\"Flattrade\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\"},\"headline\":\"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil\",\"datePublished\":\"2021-10-08T08:54:49+00:00\",\"dateModified\":\"2021-10-08T08:58:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\"},\"wordCount\":617,\"keywords\":[\"nifty\",\"Q2\",\"Results\",\"second quarter\",\"sensex\"],\"articleSection\":[\"Industry\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\",\"url\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\",\"name\":\"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\"},\"datePublished\":\"2021-10-08T08:54:49+00:00\",\"dateModified\":\"2021-10-08T08:58:06+00:00\",\"author\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\"},\"description\":\"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil\",\"breadcrumb\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/flattrade.in\/kosh\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\",\"url\":\"https:\/\/flattrade.in\/kosh\/\",\"name\":\"Flattrade Kosh\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/flattrade.in\/kosh\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\",\"name\":\"Flattrade\",\"url\":\"https:\/\/flattrade.in\/kosh\/author\/siddharth-aflattrade-in\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh","description":"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/","og_locale":"en_US","og_type":"article","og_title":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh","og_description":"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil","og_url":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/","og_site_name":"Flattrade Kosh","article_published_time":"2021-10-08T08:54:49+00:00","article_modified_time":"2021-10-08T08:58:06+00:00","og_image":[{"width":900,"height":600,"url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/10\/1-SM580528.jpg","type":"image\/jpeg"}],"author":"Flattrade","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Flattrade","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#article","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/"},"author":{"name":"Flattrade","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04"},"headline":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil","datePublished":"2021-10-08T08:54:49+00:00","dateModified":"2021-10-08T08:58:06+00:00","mainEntityOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/"},"wordCount":617,"keywords":["nifty","Q2","Results","second quarter","sensex"],"articleSection":["Industry"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/","url":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/","name":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil - Flattrade Kosh","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/#website"},"datePublished":"2021-10-08T08:54:49+00:00","dateModified":"2021-10-08T08:58:06+00:00","author":{"@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04"},"description":"India Inc to see a revenue growth of 18-20%, according to rating agency Crisil","breadcrumb":{"@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/flattrade.in\/kosh\/indian-companies-likely-to-report-18-20-revenue-growth-yoy-in-q2-says-crisil\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/flattrade.in\/kosh\/"},{"@type":"ListItem","position":2,"name":"Indian companies likely to report 18-20% revenue growth YoY in Q2, says Crisil"}]},{"@type":"WebSite","@id":"https:\/\/flattrade.in\/kosh\/#website","url":"https:\/\/flattrade.in\/kosh\/","name":"Flattrade Kosh","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/flattrade.in\/kosh\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04","name":"Flattrade","url":"https:\/\/flattrade.in\/kosh\/author\/siddharth-aflattrade-in\/"}]}},"_links":{"self":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/5730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/comments?post=5730"}],"version-history":[{"count":0,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/5730\/revisions"}],"wp:attachment":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media?parent=5730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/categories?post=5730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/tags?post=5730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}