The recovery seen by the Indian companies in October-December quarter is likely to continue in January-March, with revenue of 300 listed companies, excluding banking, financial services and insurance (BFSI) and oil companies, rising 15-17 per cent year-on-year to Rs 6.9 lakh crore, CRISIL said in a report.
However, not all sectors are expected to grow, with a cloud of uncertainty continuing to loom over consumer discretionary sectors. Revenue in sectors like airline services is estimated to drop by about 30 per cent on-year, owing to social distancing measures to contain the spread of the pandemic as well as constrained disposable incomes,” the report said.
CRISIL said there has been a recovery across sectors, led by higher volumes and commodity prices. Sequentially, revenue is seen up 6-7 per cent. The aggregate revenue of about 460 companies, excluding those in financial services and oil sector, had increased about 5 per cent on-year in the third quarter of fiscal 2021, compared with a 2 per cent decline in the previous quarter.
News Source: businesstoday