SME Times is powered by   
Search News
Just in:   • Markets open flat; Sensex at 27,232 points  • Sensex, Nifty open flat  • US economy continues modest expansion: Survey  • PM calls for French cooperation in infrastructure development  • IIGF to offer cost effective platform for SME exporters: Irani 
Last updated: 11 Jan, 2017  

crisil-logo-THMB.jpg Demonetisation to drag corporates' Q3 gross revenues to 4 pc: Crisil

demonetisation.jpg
   Top Stories
» PM calls for French cooperation in infrastructure development
» IIGF to offer cost effective platform for SME exporters: Irani
» Foreign accounts, property, bullion can't be declared under PMGKY
» Cabinet gives nod to electronic mfg incentive scheme
» 'Govt mulls standardization of technical textile products in India'
SME Times News Bureau | 11 Jan, 2017
The impact of demonetisation is expected to drag the revenues of the corporate sector to 4 per cent from an average of 6.3 per cent in the preceding three quarters, rating agency Crisil said on Tuesday.

"For the third quarter ended December 31, 2016, corporate topline growth is seen declining to 4 per cent because of demonetisation. In the three quarters preceding, revenue growth had ticked up to an average 6.3 per cent," Crisil said in a statement here.

"Crisil also foresees the impact of demonetisation continuing into the fourth quarter of the current fiscal. However, the pace of growth in Q4 will still recover to 5-7 per cent," it added.

The analysis - excluding banking, financial services and insurance (BFSI) and oil companies - took into account expected results of 390 companies, which account for 64 per cent of the market capitalisation of the National Stock Exchange listed companies.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
68.65
67.00
UK Pound
86.50
83.75
Euro
72.45
70.00
Japanese Yen 58.75 56.85
As on 19 Jan, 2017
  Daily Poll
Do you see a corporate tax cut in coming Budget?
 Yes
 No
 Can't say
  Commented Stories
» Reforms hold key to growth(6)
» Starting an import export business: Basic guide for beginners(2)
» 'Worse is yet to come'; Manmohan takes on Modi(2)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(2)
» Will India and China fight a war again?(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter