India Inc is set to report a decline in both revenue as well as profit growth numbers in the December quarter, says a report. Revenue growth will dip by up to 5 percentage points on average to 12-13 percent, domestic ratings agency Crisil said in a report Monday and attributed the estimate mainly to high base in general and also due to certain sector specific issues. Operating profit growth will decline to 10 percent, a sharp decline from 15 percent growth levels achieved in the preceding three quarters, the report said. Commodity-linked sectors will see a jump in revenue growth, led by natural gas (37 percent), steel products (27 percent), cement (10 percent), while infrastructure-related sectors like construction are expected to clip at 12 percent. "Commodity and infrastructure-linked sectors are expected to support revenue for the December quarter," said Prasad Koparkar, a senior senior director at Crisil.

Source: dna January 07, 2019 09:45 UTC