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Little to cheer about in early bird results

Net profit growth decelerates to 8.6% on raw material cost pressure and weak demand

Krishna Kant  |  Mumbai 

There are few signs of optimism in the early-bird corporate results for the January-March 2017 quarter. Profit growth decelerated during the fourth quarter (Q4) of FY17, compared to the third quarter (Q3) and firms took a knock on their margins due to a sharp rise in raw material costs.  A net profit growth would have been even lower, if not for a decline in the tax outgo — the first in three years — and a double-digit jump in other income, thanks to a rally in the bond market. The combined net profit of 135 companies that have declared their results for Q4 was up ...

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