Corporates, excluding banking, financial services, insurance, and oil companies, are expected to post 12-13% (Y-o-Y) revenue growth in Q3, according to Crisil Research
17% – average revenue growth in the first half
13% – growth in the third quarter last fiscal
The growth drivers
- Continued government spending
- Higher realisations, especially for commodities
- Demand sentiment in key consumption-linked sectors
This will be the fifth consecutive quarter of double-digit growth
The growth in the third quarter comes on a high base