RBI research finds corporate profits nearly tripled in four years, aided by pent-up demand, manufacturing resilience, and deleveraged balance sheets
A significant drag comes from the private banking sector, which is expected to report its second consecutive quarter of declining earnings since March 2020
Market concentration in sectors like cement, steel, telecom and cars is now near all-time highs, fuelling corporate India's most profitable decade in recent history
Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25
In the past a rise in crude oil prices has resulted in lower corporate margins and profits
The Himachal Pradesh government will fix the rates of sand and gravel and will also charge a stamp duty of 8 per cent on merger of companies or separation of partners of companies, according to an amendment bill passed by the Assembly. The government will also charge 6 per cent stamp duty on the lease amount on the auction of mining leases. These steps are aimed at raising the resources, said state Revenue Minister Jagat Singh Negi, who introduced the Indian Stamp (Himachal Pradesh second amendment) bill 2023 in the House on Friday. After discussion on the last day of the winter session, the amendment bill was passed by voice vote. In response to the discussion on this bill, Negi said that industrial companies merge with each other and the government does not get anything in return. No stamp duty is levied on them, which causes loss to the government. In such a situation, the government is making a provision to impose an 8 per cent stamp on these companies so that resources can be
According to Icra, sequential recovery in the overall performance of India Inc is contingent upon how well the entities are able to cope with the headwinds going forward
Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).
Six of the top-10 groups by revenue reported 35%-plus CAGR in combined profits the past three years; gains were led by groups with big play in industrial metals
Better underlying consumer demand, resilience in the rural markets and strong recovery in both home care and beauty & personal care categories are likely to drive revenue growth
Q3 corporate results indicate expenses outpacing revenue
Slack in job markets, low inflation, tech disruption kept wage growth, corporate profits subdued