159 listed cos' cumulative EBITDA declined Rs 22,500 cr in Mar qtr: Report

As many as 159 companies listed on the BSE cumulatively saw a decline of Rs 22,538 crore in their EBITDA in the three months ended March 2020 compared to the December quarter, reflecting an early impact of the coronavirus pandemic, says a report.

EBITDA stands for earnings before interest, tax, depreciation, and amortisation.

For the report, leading consultancy EY India analysed March quarter results of the top 300 BSE-listed companies and 115 global firms spanning over 12 sectors to evaluate the impact of Covid-19 disruptions on their reporting calendar, profitability, financial position, liquidity, disclosures and other key parameters.

"The analysis