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Rally in commodities, bonds rescues India Inc in Q3

Highest net profit growth in 8 quarters at 27.7%

Krishna Kant  |  Mumbai 

The October-December 2016 quarter was bittersweet for Corporate India, with lower domestic demand going hand-in-hand with higher price realisations. The results for the quarter suggest demand shock from demonetisation was more than compensated by gains from higher commodity prices and treasury gains from a bond rally in the domestic market. The combined net profit (adjusted for exceptional gains and losses) of 1,660 companies across sectors was up 27.7 per cent on a year-on-year (YoY) basis in the third quarter, growing at the fastest pace in at least two years. Their top line ...

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Rally in commodities, bonds rescues India Inc in Q3

Highest net profit growth in 8 quarters at 27.7%

Highest net profit growth in 8 quarters at 27.7% The October-December 2016 quarter was bittersweet for Corporate India, with lower domestic demand going hand-in-hand with higher price realisations. The results for the quarter suggest demand shock from demonetisation was more than compensated by gains from higher commodity prices and treasury gains from a bond rally in the domestic market. The combined net profit (adjusted for exceptional gains and losses) of 1,660 companies across sectors was up 27.7 per cent on a year-on-year (YoY) basis in the third quarter, growing at the fastest pace in at least two years. Their top line ... image
Business Standard
177 22

Rally in commodities, bonds rescues India Inc in Q3

Highest net profit growth in 8 quarters at 27.7%

The October-December 2016 quarter was bittersweet for Corporate India, with lower domestic demand going hand-in-hand with higher price realisations. The results for the quarter suggest demand shock from demonetisation was more than compensated by gains from higher commodity prices and treasury gains from a bond rally in the domestic market. The combined net profit (adjusted for exceptional gains and losses) of 1,660 companies across sectors was up 27.7 per cent on a year-on-year (YoY) basis in the third quarter, growing at the fastest pace in at least two years. Their top line ...

image
Business Standard
177 22