Finance

Higher finance costs dent profits in Q2

Published

2 years ago

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Working margin of ETIG’s pattern fell 530 foundation factors to fifteen% within the September quarter, the steepest fall in not less than 9 quarters. On a sequential foundation, it contracted 200 foundation factors.

Synopsis

Firms discovered it tough to totally cross on the influence of an successfully increased value base to shoppers amid intense competitors to faucet pent-up demand. Whereas the December quarter could present an identical year-on-year development, analysts anticipate the sequential development to enhance amid softening commodity costs.

ET Intelligence Group: India Inc’s absolute earnings and revenue margins have been dented within the September quarter as a consequence of elevated financing bills as firms borrowed extra working capital at increased rates of interest that had begun hardening early summer time, whereas uncooked materials enter prices remained excessive for the interval underneath evaluate.

Firms discovered it tough to totally cross on the influence of an successfully increased value base to shoppers amid intense

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