Indian companies' profit margins, sales levels lowest since May 2017: IIM-A survey

Profit margins (% responses)

By A Representative
An Indian Institute of Management-Ahmedabad (IIM-A) survey has said that around 55% of the firms in June 2019 reported that increase in costs has been more than 3% during the last one year, adding, the proportion of firms perceiving significant cost increase (more than 6%) in June 2019 has increased noticeably to 31% as compared to 26%reported in May 2019.
The “Business Inflation Expectations Survey” (BIES), based on responses from over 1,600 companies, further says that in June 2019, almost three-fourths of the firms (highest ever since the inception of the survey in May 2017) in the sample reported that sales are ‘somewhat or much less than normal’. This proportion has increased significantly in June 2019, it adds.

Sales levels (% response)

The survey further says, for the first time since May 2017, the proportion of firms in the sample reporting ‘much less than normal’ profit margins has crossed beyond 50%. On the other hand, the proportion of firms in the sample reporting ‘normal or greater than normal’ profit margins has declined significantly to 24% in June 2019 from 30% in May 2019.Overall, the profit margin scenario has further worsened in June 2019, it adds.

Comments

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Hoping against despair after Myanmar President’s visit to India

By Nava Thakuria Myanmar President U Min Aung Hlaing’s five-day official visit to India from 30 May to 3 June 2026 drew attention both in New Delhi and in India’s northeastern region, where policymakers and residents closely follow developments in the neighbouring country. The visit was significant because it touched on several issues of mutual concern, including security cooperation, border management, connectivity projects, trade, and regional stability.

Beyond data: The economist who refused to remain in the ivory tower

By Vikas Meshram There are few people who are born into privilege yet choose to dedicate their lives to the cause of the poor. Jean Drèze is one such individual. Born on January 22, 1959, in Leuven, Belgium, into the family of a distinguished economist, Drèze has become one of the most influential voices in the study of poverty, inequality, and social policy in India. Having lived in India since 1979, he adopted Indian citizenship in 2002 and has since played a pivotal role in shaping some of the country's most important welfare initiatives.

Counterview

Search This Blog