“We will first want to focus on growth in terms of top line and margins will take care of themselves. With a lot of operating efficiencies coming in, margin should take care of itself but we follow our mantra of “nothing at the cost of market and nothing at the cost of margin. So we will balance both together.”
The analysis of 554 public companies that employ a collective 26.7 million people found that "fully flexible" firms which are either completely remote or allow employees to choose when they come to an office increased sales 21% between 2020 and 2022, on an industry-adjusted basis.
Reliance Industries reported strong Q2 growth across its energy, retail, and telecom divisions, with a 30% YoY rise in operating profit to ₹44,867 crore. Robust performance in the oil-to-chemicals, exploration, and retail segments, along with a surge in Singapore gross refining margin, contributed to RIL's success. With RIL's improving financials and debt stabilization, investor concerns have eased.
Newly appointed chief executive K Krithivasan told ET recently that UK companies, unlike their counterparts elsewhere in the developed world, are continuing to invest in the future.
Revenue for a sample of 2,863 companies grew by 13.4% year-on-year in the March quarter. After clocking 33.9% growth in the June 2022 quarter, top line growth has slowed down gradually in each of the quarters since then. Net profit rose by 6.5% in the March quarter. While it has improved since the September quarter when profit had fallen by 11.5%, it continued to remain muted. In the year-ago quarter, revenue and profit had grown by 21.7% and 37.2% respectively.
According to the report moderate price hikes and steadily rising volumes is expected to lift corporate revenue while profitability is likely to decrease due to elevated commodity prices.
“The deal pipeline has never been stronger over many quarters and I have absolutely no concerns on that front. The sales engine is rocking. The challenge for us would be to ensure that we service all the requirements. So demand is not an issue, supply definitely is an issue and we need to figure out ways to address that.”
Indian cotton spinners are riding high on strong demand and realisations and have reported multi-year high operating profits in the past four quarters, even as cotton fibre prices increased parallelly. Besides recovery in domestic demand, robust growth in export demand has also supported volumes.
The investments in Indian SaaS companies grew 170% over the last year, and are likely to reach $4.5 billion in 2021, according to a report by Bain & Company.
During the second quarter, sequential recovery from Q1 FY21 levels was visible across sectors as the lockdown restrictions eased. Some sectors were even able to bounce back to pre-COVID levels and post revenue growth on an annual basis, Icra Ratings said in the report.
These are indeed unprecedented times. A world-over lockdown that no-one-knows till when; and life is unlikely to return to normal anytime soon.
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