Early birds hint at subdued earnings growth in December quarter

Net profit up 10.4% YoY, growing at slowest pace in five quarters


Imaging: Ajay Mohanty

Krishna Kant Mumbai
Corporate earnings in the December 2021 quarter (Q3FY22) have started on a muted note for India Inc with lower than expected growth shown by early-bird companies. The combined net profit of 140 early-bird companies is up 10.4 per cent year-on-year (y-o-y) during October-December 2021, growing at its slowest pace in the last five quarters.

For comparison, these companies’ earnings were up 19.7 per cent y-o-y in Q2FY22 and 21.6 per cent during the third quarter of FY21. Early-bird companies reported net profits of around Rs 43,500 crore in Q3FY22, up from Rs 40,565 crore in Q2FY22.

On the top line side, their combined net sales (gross interest income in the case of banks and other lenders) were up 16.5 per cent year-on-year

Also Read

IT Q3 results: TCS and Infosys beat Street estimates, Wipro misses

TCS plunges 7% on lower-than-expected September quarter result

Sensex sprints 569 pts, ends at 61,306; Nifty atop 18,300; IRCTC gains 11%

TCS Q2 preview: Analysts see up to 33 % PAT growth; deal wins eyed

HCL Technologies: Slow product sales may be near-term overhang

Future mulls Supreme Court bid to avoid being named a defaulter

Sequoia Capital India expands West Asia foray with debut deal

Walmart invites Indian sellers to join its US marketplace

Havells net profit down 12.7% to Rs 305.82 crore in third quarter

HUL Q3 surpasses estimates even as rural growth remains impacted

First Published: Jan 21 2022 | 6:03 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com