Nifty firms set for blockbuster quarter; commodity prices to boost top line

For banks and non-banking financial firms, net sales are gross revenues net of interest expenses, while for others, they are total income from sales of goods and services

Corporate earnings for 2018-19 (FY19) are expected to start on a strong wicket for India’s top listed companies, driven by higher commodity and energy prices and a low base last year as companies were recovering from demonetisation and also preparing for the new regime of goods and services tax (GST) from July 1. 
 

The combined net profit of India’s top 50 listed companies that are part of the Nifty50 index is estimated to rise by 14.2 per cent on a year-on-year (YoY) basis during April-June 2018, the best in the last nine quarters. 

The index companies’ combined net sales are