Indian companies are likely to clock 7-8% revenue growth during the March quarter of the current fiscal year, domestic rating agency ICRA said on Monday. It highlighted that the growth will be led by revival in rural demand and uptick in government spending.
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
It said, this is due to the heavy rains and weak margins offsetting the buoyancy injected by the turnaround in Government capital expenditure and healthy trends in kharif sowing.
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Indian apparel exporters will register a 9-11 per cent revenue expansion in FY2025, the independent and professional investment information and credit rating agency, ICRA said on Monday.
Furthermore, escalation in the Iran-Israel conflict could exert upward pressure on the value of imports, it added.
The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period.
Combined capital expenditure of a sample of 13 major state governments is expected to grow 29% year-on-year to Rs 6.2 trillion in FY2024 compared to Rs 4.8 trillion in FY23, it said.
During the financial year 2022-23, the domestic road logistics sector's growth is anticipated to continue due to the rapid expansion of business activities along with the support of robust growth in 2021-22 (FY22), said rating agency Icra recently. A growth rate of 7-9 per cent during FY23 over FY22 was estimated by rating agency Icra.
ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time
