Skip to main content

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

Post a Comment

TRENDING

Civil society at a crossroads: Service delivery vs. rights in the fight for social change

Counterview News   In the latest episode of the podcast Unmute , hosts Gagan Sethi and Minar Pimple convened a profound conversation with two veteran development practitioners to dissect a persistent tension within civil society: the perceived divide between service delivery and the struggle for rights. The episode, titled "Beyond Service Delivery: Civil Society, Rights, and the Politics of Social Change," featured Apoorva Oza , a development practitioner with decades of experience in rural development and institution-building, and Professor Dipa Sinha , a development economist known for her work on food, nutrition, gender, and social policy.
2 comments
»

Grain vs. gasoline: How the global biofuel boom threatens India’s food and water security

By Rajiv Shah  A new report published by the international research and advocacy organization GRAIN has warned that the global resurgence of biofuels is triggering a dangerous dynamic of “more fuel, less food, more land grabs.” Driven by intersecting energy security concerns, geopolitical tensions, and aggressive decarbonization mandates, the expanding agrofuel industry is increasingly pitting corporate energy interests against global food security and indigenous land rights. 
Post a Comment
»

Sikkim governor row: ALIFA asks centre to explain hurried appointment in Ankita Bhandari case

By A Representative   The All-India Feminist Alliance (ALIFA) on Saturday expressed “immense pain and outrage” that even after four years and a national uproar, justice has not been fully delivered in the Ankita Bhandari murder case and that a ruling party politician facing allegations has been “gifted a high-ranking constitutional office.” In a statement, ALIFA extended “unflinching solidarity” to Ankita’s parents, who it said are “fighting for justice on the streets of Delhi,” and demanded that pending the CBI inquiry and judicial decision, the appointment of BJP leader Dushyant Kumar Gautam as Sikkim’s Governor be subject to “immediate presidential review.”
Post a Comment
»