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

The making of a self-made woman: How eighty sheep changed everything for Kalawati Ninama

By Vikas Meshram* About forty-two kilometres from Rajasthan's Banswara district, in the tribal heartland of Ghatol block, lies the small village of Ubapana. This is where Kalawati Ninama, her husband Dhulji, and their four children make their home. Their days unfold much like those of their neighbours—bustling mornings, long hours of farm labour through the afternoon, and evenings spent tending livestock. For this family, farming and livestock were once simply a means of putting food on the table. Today, they have become the sturdy foundation of something far greater: genuine self-sufficiency.

India has spent billions on skilling. Where are the jobs?

By Vikas Gupta India loves the photograph of a certificate ceremony. A minister on a stage. A banner bearing the word “skill.” Young people holding folders that promise a future. It is a reassuring image because it tells us the problem has a manageable answer: train the young, make them job-ready, and work will follow.

BAPS, the Eiffel Tower and the curious silence on secularism

By Rajiv Shah I was a little surprised to see how some of those whom I respect for taking a firm stand on patriarchal issues reacted to the manner in which they responded to the recent incident in Paris, in which women employees of the Eiffel Tower were asked to remain "invisible" on September 5 when 100 BAPS sadhus visited one of the world's top tourist destinations.

Counterview

Search This Blog