Corporate revenue in the first quarter of the current financial year is expected to grow at a 12-quarter high of 12.8%, according to Crisil Research, which added that this would be the third consecutive quarter of double-digit growth.
“Growth in corporate revenue — excluding banking, financial services, insurance and oil companies — is expected to print at a 12-quarter high of 12.8% on-year for the first quarter of fiscal 2019, Crisil Research’s analysis of about 350 companies, which account for 50% of the market capitalisation [excluding the said sectors of the National Stock Exchange, indicates,” the company said in its report.
“Consumption-linked sectors, with the exception of telecom services, are expected to grow in the mid-to-high teens for the fourth consecutive quarter,” the report added. “This will be driven by improving macros, a pickup in consumer sentiment, and growing rural demand, besides government support to farmers and expectations of a third year of normal monsoon.”
The report also predicts a 34.3% growth in revenues in the automobile sector in Q1 of FY19, rising from 4.7% a year earlier, and a 27% growth in Q4 of FY18.
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