Q2 results: India Inc fares well in Sept quarter, minus oil & gas
ET Intelligence Group : Corporate India reported double-digit growth in net profit for the three months to September, excluding oil and gas companies, the performance of which was hit by lower refining margins and LPG underrecoveries. It was the seventh consecutive quarter of double-digit profit growth though the rate of expansion has been decelerating since the March quarter.
Amid the weakness in the broader stock market, the corporate earnings trajectory will be keenly watched, with analysts looking for a recovery in the second half of the fiscal year.The aggregate net profit rose 15.2% year-on-year while revenue grew 8.5%. Profit growth moderated to 3.4% and that in revenue to 6.8% once oil and gas companies were included. The latter…
Amid the weakness in the broader stock market, the corporate earnings trajectory will be keenly watched, with analysts looking for a recovery in the second half of the fiscal year.The aggregate net profit rose 15.2% year-on-year while revenue grew 8.5%. Profit growth moderated to 3.4% and that in revenue to 6.8% once oil and gas companies were included. The latter…
