For its part, corporate profitability — or earnings before interest, taxes, depreciation and amortization (Ebitda) margin — shrank 300 basis points (bps) year-over-year in the second quarter, marking the fourth consecutive quarter of a year-over-year decline.
The margin also shrank sequentially, albeit slightly.
EBITDA margins of 70 percent of the 47 sectors tracked by
Among these sectors, EBITDA margins in steel products are likely to have contracted 1,500 basis points year-on-year as a result of higher coking coal prices and lower realizations amid a decline in flat steel prices and limited sales to the lucrative export segment.
A combination of factors such as moderate price increases and steadily increasing volumes is expected to boost operating revenues by 15 percent year-on-year to Rs 10.2 lakh crore in the second quarter of this fiscal year.
CRISIL’s analysis of more than 300 companies (excluding those in the financial services and oil and gas sectors) points out.
Of a total of 47 sectors tracked by CRISIL Research, nearly half are estimated to have outperformed total revenue growth during the quarter, with key sectors within discretionary consumer services achieving maximum year-over-year growth.
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