Mild recovery expected in June-quarter results: CRISIL Research

India Infoline News Service | Mumbai |

This growth will largely be driven by strong growth in export-oriented sectors.

CRISIL Research, Indias largest independent and integrated research house, expects India Inc.s revenues to grow 9-11 per cent in the quarter ended June 30, 2014, compared with 4.3 per cent in the same period last year and 8.4 per cent in the quarter ended March 31, 2014. This growth will largely be driven by strong growth in export-oriented sectors and select domestic consumption driven sectors such as FMCG, passenger vehicles, and two wheelers.
 
The study covered 600 companies (excluding financial services and oil companies), representing 71 per cent of the overall market capitalisation of India Inc.
 
While a gradual resumption of stalled projects and improvement in global economic growth bode well for longer-term revenue growth, the increasing probability of a below-normal monsoon enhances downside risks for sectors that generate substantial revenue from the rural areas. For the entire fiscal year 2014-15, we forecast Indian corporates to report 11-12 per cent revenue growth.
 

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