 "Cash, Demonetisation, Currency")
Corporate India looks set to disappoint Dalal Street for the third consecutive quarter, with lower-than-expected earnings growth.
The combined net profit (adjusted for exceptional gains and losses) of 144 companies that have declared their third quarter results grew by 2.4 per cent year-on-year (YoY), growing at the slowest pace in the past seven quarters.
The combined net profit (adjusted for exceptional gains and losses) of 144 companies that have declared their third quarter results grew by 2.4 per cent year-on-year (YoY), growing at the slowest pace in the past seven quarters.
Heavyweights haven’t done well either, with the combined net profit of seven Nifty 50 companies that have declared their results rising 2.3 per cent YoY. In comparison, brokerages expected Nifty 50 companies to report 10.8 per cent YoY increase in net profits during the October-December
