Costs are up, profit margins down, says IIM-A survey of 1,600 companies

Profit mrgins % responses

By A Representative
The latest Business Inflation Expectations Survey (BIES), released by the Indian Institute of Management-Ahmedabad (IIM-A) has revealed that 54% of responses obtained from 1,600 companies say that in May 2019 there was increase in costs in May 2019 up by 3% from 50% reported in April 2019 during the last one year.
“The proportion of firms perceiving significant cost increase (more than 6%) in May 2019 has marginally increased to 26% as compared to 25% in April 2019”, the BIES report adds.
The report further says, “In May 2019, over 60% of the firms in the sample reported that sales are ‘somewhat or much less than normal’, a proportion similar during the January-May 2019 period.”
At the same time, the report states, “The proportion of firms in the sample reporting ‘normal or greater than normal’ profit margins has declined to 30% in May 2019 from 36% in April 2019.” It adds, “Overall, the profit margin scenario has remained depressed and unchanged in May 2019.”

Comments

Bihar’s land at ₹1 per acre for Adani sparks outrage, NAPM calls it crony capitalism

By A Representative The National Alliance of People’s Movements (NAPM) has strongly condemned the Bihar government’s decision to lease 1,050 acres of land in Pirpainti, Bhagalpur district, to Adani Power for a 2,400 MW coal-based thermal power project.

Crowdfunding, a way to earn fast buck on the net, catches up among IT savvy Gujarati middle class youth

By Satyakam Mehta Crowdfunding, an internet-based practice of collecting money for small projects or ventures by raising small amounts from large number of individuals, is picking up as a craze in Gujarat’s penny-wise IT savvy youngsters. While many consider it as a way to earn a fast buck, one just needs to upload a project idea on a crowdfunding website, explain its concept, specify the funding you require, and just wait for individuals to transfer money to your bank account.

'University is more than its buildings': 47 former officers petition against Rampur campus demolition

By A Representative A group of 47 former top bureaucrats from the All India and Central Services has written to Uttar Pradesh Chief Minister Yogi Adityanath and Union Education Minister Dharmendra Pradhan, urging them to halt the proposed demolition of 38 buildings at Mohammad Ali Jauhar University in Rampur, established by Samajwadi Party leader Azam Khan.

Counterview

Search This Blog