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Rising input cost, crude shave off corporate margins by 220bps: Report

Tuesday, November 6, 2018, 7:20 AM

Rising input costs and crude prices have impacted India Inc's profitability in the September quarter despite good revenue growth, as operating margins declined by 2.20 percent, says a report. The corporate sector has reported a revenue growth of 23.9 percent for the September quarter over the same period last year, domestic rating agency Icra said on Monday, based on its analysis of 176 companies.