Q3 earnings off to a good start; combined net profit of 130 firms up 16.5%

Combined net sales were up 12.6% YoY during the Oct-Dec 2017 quarter, growing at the fastest pace in the last three quarters

The third-quarter (Q3) earnings season has started on a positive note for Corporate India, with the combined net profit of 130 early bird companies up 16.5 per cent on a year-on-year (YoY) basis, growing at the fastest pace in the last seven quarters. 

Combined net sales were up 12.6 per cent YoY during the October-December 2017 quarter, growing at the fastest pace in the last three quarters.

Earnings growth is polarised with five companies — Reliance Industries (RIL), Infosys, Jaiprakash Associates, HDFC Bank, and ITC — accounting for nearly 85 per cent of incremental growth in net profit during the quarter. Three