Q2 review: Nearly 45% of corporate results are above expectation

The review for Q2 of FY18 is good with improvement in H2FY18 & beyond

The June quarter of the financial year 2017-18 (Q1FY18) was a disaster due to de-stocking measures. However, the September quarter (Q2) was anticipated to be better given the low base and re-stocking activities. We thought that de-stocking was largely over but how much will be the revival is still yet to be known. Economic activities had started to improve and procedure of GST was getting better day by day. So on a Q-o-Q basis, we were anticipating about 5% to 7% growth in profit after tax (PAT) for main indexes. Important economic data was showing an uptick in Whole Price