 "Q4 results: Early birds disappoint; combined net of 104 firms down 0.5%")
The coronavirus lockdown is expected to burn a large hole in corporate earnings during the January-March 2020 period (Q4FY20), despite it being effective only during the last few days of the quarter.
Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India’s top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in the fourth quarter. This will be the worst show by the index companies in at least 13 quarters.
Based on these estimates, corporate revenues will decline for a third consecutive quarter in March on a
