India Inc s revenue is expected to rise 14 per cent year-on-year in the third quarter of this fiscal ended December 2022 to Rs 10.9 lakh crore, following a steady rise in volume and some price hikes, and driven primarily by the consumer discretionary segments, according to CRISIL.
The Market Intelligence and Analytics (MI&A) research of CRISIL said in a statement that the operating margin is likely to have contracted 270 bps year-on-year slower than in the past two quarters as easing commodity prices provided succour.
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Corporate profitability - or the earnings before interest, taxes, depreciation and amortisation (EBITDA) margin - likely remained steady in the first quarter sequentially but fell 200-300 basis points (bps),