23-April-2024
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Manufacturing contracts in April; Q4 earnings to improve: SBI
26-Apr-2017

Corporates are likely to log in healthier set of numbers in the March quarter clocking up to 12 per cent growth on the back of an improvement in manufacturing, says a report. “We expect corporates to report a topline growth ranging from 10 to 12 per cent in the March quarter, while the bottomline may surpass topline growth,” SBI Research said in a report today.While performance is expected to be varying for different sectors, FMCG and banks are expected to be better. “Banks are expected to do better on net earnings but with low credit off take, the year is going to be a challenge on the margin front,” the report said. “The credit growth has been anemic and was at 4.36 per cent for the fortnight ended March 24, 2017, the lowest in many years.

News Source:- http://www.financialexpress.com/economy/manufacturing-contracts-in-april-q4-earnings-to-improve-sbi/641866/