India Inc Revenue Growth Likely To Double In Q2: Crisil

INSUBCONTINENT EXCLUSIVE:
September quarter, up from 6.4 per cent in the corresponding period last fiscal year, as steel makers are set to clock 80 basis points (bps)
higher margins, Crisil said in its report on Thursday.On the flipside, the report said cost pressure is clearly rising across the board.It
steelmakers
margins seen from the fourth quarter of last fiscal can reverse," the agency said based on its reading of 365 companies, which excludes
banking, financial services and insurance, and oil companies.These 365 companies account for about 65 per cent of the market capitalisation
of the NSE.Demand recovery is expected to be driven by discretionary, consumption-led sectors like airlines, automobiles, fast-moving
cent sales growth, airlines should see passenger traffic rise 16 per cent on-year," he said.Retail, FMCG and automobiles will benefit from
the low-base effect caused by the rollout of GST in July last year, Mr Koparkar said, adding makers of steel and aluminum, and coal miners
will benefit from improved sales, while cement companies will be helped by higher volumes.Investment-linked sectors like housing and capital
input cost math for companies.Crude is up 45 per cent on-year, while the rupee, which fell 4 per cent in the first quarter, has lost 9
Additionally, domestic prices of coal, long steel, flat steel and aluminium are expected to rise 15, 14, 17 and 12 per cent, respectively
steel are expected to improve significantly due to an uptick in realisations, it said
It also said that conversely, the rupee fall will prop revenue growth for export-linked sectors, especially IT and pharma.