finance: Larger finance prices dent income in Q2

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 completely cross on the impression of an successfully increased price base to customers amid intense competitors to faucet pent-up demand. Whereas the December quarter might present an identical year-on-year pattern, analysts anticipate the sequential pattern to enhance amid softening commodity costs.

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

Firms discovered it tough to completely cross on the impression of an successfully increased price base to customers amid intense

BY

ET Bureau

4 minutes learn, Final Up to date:

Nov 15, 2022, 05:50 AM IST

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