On-year volume growth would be mostly in single digit across key segments except commercial vehicles. As many as 24 of the 40 sectors represented by these 300 companies have likely grown over 20 per cent on-year. But overall revenue growth would be a notch lower at 15-17 per cent excluding commodity sectors such as steel and aluminium. Crude oil prices are up 71 per cent in the second quarter on-year, and steel 47 per cent. Power and fuel expenses have risen because of 2x higher coal prices and over 4x higher spot gas prices.

Source: Economic Times October 09, 2021 08:26 UTC