 "Pre-GST knock likely for corporate earnings in Q1")
The goods and services tax (GST) is estimated to have taken a toll on corporate earnings for the April-June quarter of financial year 2017-18 (FY18) even before it was implemented from July 1. Brokerages have said earnings growth of the 50 Nifty companies in the June quarter could be one of the worst in the past nine quarters.
The combined net profit of the 50 companies is estimated to decline by 2.6 per cent on a year-on-year (y-o-y) basis — worst since the March FY15 quarter when it contracted by 41.7 per cent y-o-y. In comparison, the combined net profit
