Small hit big

Large corporates resilient amid pandemic, not so small ones

Size matters, the pandemic appears to have reiterated.

A CRISIL Research analysis indicates the revenue of corporate India – excluding banking, financial services and insurance (BFSI), and oil companies – remained stable on-year in the second quarter this fiscal, after having fallen ~29% on-year in the first.

Large players saw muted revenue growth. However, small players, which are typically low on bargaining power and cashcrunched remained in the red. The smaller the company, the more excruciating the pain.

Indeed, less than 20% of the smaller 400 companies logged revenue growth, as against nearly 35% of the top 100 companies that grew in the first half of the fiscal.