The quarter ended September 2018 was one of the best quarters in recent times, with 16.2% growth in net profits for Indian companies. This growth was largely aided by lower input costs and better traction on sales. There was also the base effect, since the corresponding quarter in 2017 was a relatively tepid one with stock markets still recovering from the twin effects of demonetisation and the implementation of the Goods and Services (GST). How will the quarter ended December 2018 be?
At the outset, the quarter was a tumultuous one. A tight liquidity situation combined with rocketing of yields,

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