‘India Inc to login 15-17% revenue growth’
   Date :11-Apr-2021

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AFTER eight quarters of either decline or single-digit growth, corporate revenue grew in high double-digits of 15-17 per cent in the March quarter of FY’21 to Rs 6.9 lakh crore, partly because of the low base and better realisation due to higher commodity prices, pushing up their operating profits by a much higher 28-30 per cent, says a Crisil Ratings report. With a visible recovery in the second half of fiscal 2021, the overall revenue may be a just 50 bps lower than that of fiscal 2020, according to a pre-earnings forecast by Crisil Ratings in its report.