Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

Corporates May See 6% Pre-tax Profit Growth Next Year: Moody's

According to the rating agency, growth will "rebound strongly in 2018 because the supply chain disruptions of 2017 will end soon".

PTI

Updated:November 20, 2017, 5:16 PM IST
facebookTwittergoogleskypewhatsapp
Corporates May See 6% Pre-tax Profit Growth Next Year: Moody's
Representative image. (Reuters)
Mumbai: Expecting growth to revive next year, Moody's, which over the weekend revised upwards sovereign ratings to Baa2 after almost 14 years, has said a 7.6 percent GDP expansion can result in corporates reporting a pre-tax profit growth of 5-6 per cent over the next 12-18 months.

According to the rating agency, growth will "rebound strongly in 2018 because the supply chain disruptions of 2017 will end soon".

"An economic growth of around 7.6 percent will result in higher sales volumes, which along with new production capacity and benign commodity prices will support an Ebitda (earnings before interest, taxes, depreciation and amortisation) growth of 5-6 percent over next 12 to 18 months," Moody's said.

While noting that credit profile of corporate will continue to improve on healthy earnings growth, underpinned by solid economic growth and increased production capacity, Moody's said consolidation in oil & gas, telecom and steel sectors would affect credit quality in these sectors.

The agency, however, observed that refinancing needs in 2018 would be manageable for most companies given their improving access to capital markets and large cash balances. The agency also noted that intense competition, such as among telcos and auto, will result in lower earnings or rising capital spending.

"Healthy economic growth in the Asian and global economies will support steady earnings growth for Asian corporates, which in turn will improve their financial leverage," Moody's associate managing director Chris Park said in the report.

"Furthermore, the gradual normalisation of monetary policy will support the near-term liquidity needs of corporates in the region," Park added.

The findings are part of Moody's investor service outlook for 2018.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Bijaya Das
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results