India Macro Indicators
India Macro Indicators
TREND | 22 Nov 2021
ICICI Securities Limited
(Q2FY22) was encouraging with both topline (up 10.8% QoQ) and bottomline (up 12.5% QoQ) witnessing double digit sequential growth . This was amid state specific unlocking, decline in Covid incidence panIndia, increased pace of vaccination and consequent pick-up in economic activity. The performance on a YoY basis looks rather robust (sales, PAT up 34%, 41% YoY, respectively) despite element of pent up demand in the base quarter primarily tracking higher commodity prices in the oil & gas and metals domain. On the operating profit fron t, th e sequential growth was limited to just 2.6% amid ~140 bps declin e in...
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