Key Points
India Inc's operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy costs, a domestic ratings agency said today...
When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said, attributing the same to the easing in input costs and also price hikes by many companies...
"India Inc's ability to improve earnings will be dependent on headwinds such as energy cost inflation, evolving recessionary trends in the developed markets, and impact of fluctuations in foreign exchange on both imports as well as export-oriented sectors," its sector head Sruthi Thomas said...
According to Thomas, credit metrics are likely to show further sequential improvement going forward, given the recent trends in softening of commodity prices, general price hikes taken by companies, and reduction in energy cost.. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)..
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