December 1, 2022

Q2 evaluate: India Inc sacrifices progress to guard margins

Q2 review India Inc sacrifices growth to protect margins

Q2 review India Inc sacrifices growth to protect margins

Whereas the year-on-year income progress for India Inc at 30 per cent within the second quarter Q2 seems strong, a research of the sequential pattern paints a special image.

Excluding banking and financials (BFSI), sequential (quarter-on-quarter or QoQ) income progress got here in at simply 0.2 per cent, the bottom in a yr (see chart). Adjusted income declined 12 per cent sequentially, impacted by weak revenues in addition to price pressures.

However as a silver lining, the sequential gross margin decline,…

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