Early-bird Q2 results show promise as Infosys, HUL, RIL numbers bring cheer

The combined revenues of these firms were up 33.1% YoY, growing at the fastest pace in at least three years

Early bird results at India Inc suggest the earnings season has started on an optimistic note, thanks to better-than-expected earnings growth by three of the country’s top firms — Reliance Industries (RIL), Infosys, and Hindustan Unilever. Tata Consultancy Services (TCS) and HDFC Bank also helped, by reporting numbers that were largely in line with Street expectations.

The combined net profit of the 76 listed companies in our sample was up 17.2 per cent year-on-year (YoY) during the July-September 2018 (Q2) quarter, growing at the fastest pace in the last three quarters. 

The combined revenues of these firms were up 33.1