Q1 results: 230 early bird companies report 71% jump in net profit

Good Q1 showing on the back of last year's low base; sales low sequentially

The companies in cyclical sectors are likely to drive corporate earnings in the June 2021 quarter, too. The combined net profit of 230 early bird companies in Q1FY22 is up 70.6 per cent year-on-year (YoY), because of a favourable base and strong showing by firms in cyclical sectors, such as banking, metals & mining, cement, and oil & gas.

The combined net sales were up 35.2 per cent YoY to Rs 5.25 trillion in the June 2021 quarter, though the figure was down 5 per cent over Q4FY21. These companies’ net sales were down 21.7 per cent and their net profit