Revenue of construction costs to slow down in FY25 at 8-10 per cent: Report

Rating agency ICRA has projected that the revenue of the Indian construction companies for the financial year 2024-25 is estimated to grow at 8-10 per cent, slower in comparison to a growth of 12-15 per cent during previous years.

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The agency is estimating the operating income of construction companies to grow at 10-12 per cent YoY in FY26, still lower than the long-term compound annual growth rate of about 15 per cent between FY18 and FY24.

In FY23 and FY24, the construction entities had witnessed a YoY growth of 22 per cent and 19 per cent, respectively.