Business Standard

Margins under pressure

Q3 corporate results indicate expenses outpacing revenue

The quarterly and annual financial results are to be submitted by listed entities to Sebi within 45 days and 60 days from the end of the quarter and financial year, respectively
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The quarterly and annual financial results are to be submitted by listed entities to Sebi within 45 days and 60 days from the end of the quarter and financial year, respectively

Business Standard Editorial Comment
The 0.9 per cent year-on-year (YoY) growth in the adjusted net profit of 385 companies, which have released their results for the third quarter (Q3) of the current financial year so far, does not inspire much confidence. If financials and energy companies are removed from the sample, net profit has grown 6.4 per cent in Q3 — the worst performance in five quarters. For the entire universe, growth in other income, which has often aided net profit growth in the past, is lower than revenue growth. Companies, however, have reported strong double digit growth in top line, thanks to higher

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First Published: Jan 30 2019 | 11:19 PM IST

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