Tepid start to Q3 earnings as India Inc reports net profit growth at 10.1%

The third quarter (Q3) earnings season has started on a sluggish note for Corporate India. While India Inc has reported robust sales growth of 37.5 per cent year-on-year (YoY), net profit growth has been disappointing at 10.1 per cent, indicating margin pressure.
 
The combined net profit of 94 companies that have declared their results for the October-December 2018 quarter stood at Rs 35,723 crore, up from Rs 32,452 crore a year ago.
 
In comparison, companies’ combined earnings were up 14.7 per cent YoY during the second quarter of the current fiscal year (2018-19, or FY19) and 21.6 per