Key Points
For a sample of 219 companies, aggregate net profit grew 29.8% year-on-year in the September quarter, the most in six quarters..
Revenue and net profit had grown 20.6% and 7.5%, respectively, in the year-ago quarter.Getty.
Mumbai: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters...
"Overall earnings growth is anticipated to be driven once again by domestic cyclicals such as BFSI (banking, financial services, insurance) and automobiles, which are expected to post 26% and 87% year-on-year jump while consumer and cement companies would report a healthy 15% and 72% growth, respectively," the brokerage had stated in a quarterly preview report...
IDBI Capital's preview report had said that weakness in commodities over the past 12 months would drive better year-on-year growth in operating profit compared with revenue.. s.. Read More News on..
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