India Inc revenue growth in Q4 hits six-quarter low of 10.7 pc

He added both urban and rural segments witnessed a decline in consumer sentiment as reported by auto and fast moving consumer goods (FMCG) companies. The commentary on rural growth from auto OEMs and FMCG companies too indicates a slowdown in growth which can be attributed to a muted rabi harvest, the note said. The interest coverage ratio adjusted for sectors with low debt levels like IT, FMCG and pharmaceuticals witnessed a decline to 3.8 times from 4.7 times in the year-ago period, it said, attributing it to lower growth in operating profits. It can be noted that some companies are yet to report their Q4 numbers. The official data on GDP growth will be coming out towards the end of May. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttp://www.trakyadans.com/UserProfile/tabid/57/userId/121093/Default.aspx

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