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Top NSE listed firms log best profit growth in six quarters

Indian companies' total profits are expected to grow 25% in the next fiscal year, which would be the highest in Asia


Earnings for companies in India's broader NSE Nifty rose at their best pace in six quarters during July-September, according to Thomson Reuters Eikon data, showcasing how profits are finally looking up after a prolonged spell of sluggish growth. Net profits for companies in the index rose by an average of 11.9 per cent in the September quarter, the biggest gain since a 31 per cent expansion in January-March 2016, data available for 25 companies in the index showed. That was a median 5.2 per cent above consensus forecasts, the biggest beat since the March 2016 ...

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First Published: Wed, November 29 2017. 17:19 IST