Corporate revenue to grow

• According to Crisil Research, Corporate revenue in the first quarter of the current financial year is expected to grow at a 12­ quarter high of 12.8%.
• It also added that this would be the third consecutive quarter of double digit growth.

• Crisil Research’s analysed about 350 companies, which account for 50% of the market capitalisation [excluding the said sectors of the National Stock Exchange, indicates].
• CRISIL has not taken into account the banking, financial services, insurance and oil companies.
• Consumption ­linked sectors, with the exception of telecom services, are expected to grow in the mid to ­high teens for the fourth consecutive quarter.
• This will be driven by improving macros, a pickup in consumer sentiment, and growing rural demand, besides government support to farmers and expectations of a third year of normal monsoon.
• The report also predicts a 34.3% growth in revenues in the automobile sector in Q1 of FY19, rising from 4.7% a year earlier, and a 27% growth in Q4 of FY18.

• CRISIL  (Credit Rating Information Services of India Limited) is first credit rating agency set up in India in 1987.
• CRISIL has become a global analytical company that rates companies, researches the markets and provides risk and policy advisory services to its clients.
• CRISIL provides independent opinion and efficient solutions by performing data analysis and research.
• CRISIL works with various governments and policy-makers in India and other developing nations to enhance and improve the infrastructure and meet the demands of the region.
• CRISIL is headquartered in Mumbai.

The Hindu.