New Delhi (India), October 27 (ANI): Poor performance in construction, industrial raw materials and investments sectors led to moderation in revenue growth of Indian Inc, observed CRISIL Market Intelligence and Analytics.

India Inc. saw a significant deceleration in revenue growth in the July-September quarter, marking the slowest pace in the last 16 quarters.

Sectors such as construction and industrial raw materials grew by just 1 percent, weighing heavily on overall revenue expansion.

Agriculture, which includes fertilizers and accounts for 2 percent of the sample’s income, recorded a sharp decline of 20 to 22 percent. The export segment, which represents about 22 percent of the sample, grew modestly by 5 percent, while the “other” verticals, including aluminum, grew by 4 percent.

Reacting to the findings, Elizabeth Master, Associate Research Director at CRISIL Market Intelligence and Analytics, commented: “Among the top 10 sectors, which account for 75% of revenue, eight saw their Ebitda margin increase , driven by exports. sectors such as IT services and pharmaceuticals, investment related sectors such as electricity and consumer discretionary sectors such as automotive and telecommunications services. The two sectors that saw margin contraction are steel, due to rising iron ore prices, and cement, due to subdued prices.

In contrast, the consumer discretionary, staples and services sectors posted solid growth of 15 percent, contributing about 36 percent of the sample’s revenues.

Interestingly, despite the slowdown in revenue, corporate profitability held up, according to the analysis.

It further estimates that overall corporate EBITDA increased by approximately 10% in the second quarter of fiscal 2025, with an estimated EBITDA margin between 21 and 21.5%.

Among the top 10 industries, accounting for nearly 75% of total revenue, eight saw an increase in EBITDA margin, according to the market information company.

Going further, it expects the margin to further improve by 50 to 150 basis points in fiscal 2025, driven by lower commodity prices and increased revenue growth based on the volume. (ANI)

This report is automatically generated from the ANI news service. ThePrint assumes no responsibility for its content.