India Inc is expected to post a healthy 25.9 per cent growth in their profits in the third quarter on softening of input prices and lower forex losses, according to economic think-tank CMIE. 'We expect corporate profits to grow by a smart 25.9 per cent in the December quarter compared to the year-ago quarter,' the Centre for Monitoring Indian Economy (CMIE) said in its latest report on the domestic economy.
The improvement would be seen across segments, the report said, adding net profit of the manufacturing sector is likely to grow by a healthy 66.9 per cent and that of the financial and non-financial services sector by 16 per cent and 16.7 per cent, respectively.
'The input cost pressure for the manufacturing companies will ease substantially in the December 2012 quarter. Raw material expenses of the manufacturing sector (excluding petroleum products) are expected to rise by 7.4 per cent,' it said.
The improvement would be seen across segments, the report said, adding net profit of the manufacturing sector is likely to grow by a healthy 66.9 per cent and that of the financial and non-financial services sector by 16 per cent and 16.7 per cent, respectively.
'The input cost pressure for the manufacturing companies will ease substantially in the December 2012 quarter. Raw material expenses of the manufacturing sector (excluding petroleum products) are expected to rise by 7.4 per cent,' it said.