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Corporate contraction

Recovery depends on how quickly the pandemic is contained

Topics
Reserve Bank of India | Coronavirus | Larsen and Toubro

Business Standard Editorial Comment 

The corporate results for the April-June 2020 quarter, announced so far, indicate the catastrophic impact of the lockdown and the pandemic. Consumption and core sector activities are down, though select sectors are displaying some resilience.

A look at 317 listed companies with revenues of above Rs 10 crore shows a 22 per cent fall in net sales and 19 per cent fall in income year-on-year. While profit after tax (PAT) is down 22 per cent, operating profit has reduced by 7 per cent. If banks, refiners, and non-banking finance companies (NBFCs) are excluded from this sample, the performance ...

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First Published: Sun, August 02 2020. 22:09 IST
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