Q3 earnings preview: Crisil

CRISIL Research projects India Inc's revenues (excluding financial services and oil companies) to increase by a tepid 7-9 per cent y-o-y, during October-December 2013 (Q3FY14). However, as against the previous quarters, wherein growth was concentrated among a few sectors, from Q3FY14 onwards, several sectors are expected to register a gradual improvement in growth rates. The rise in revenues, though, would not translate to higher profitability. EBITDA margins during the quarter are estimated to remain stable y-o-y at 17 per cent