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No fireworks for early birds

Q2 results so far suggest recovery will take longer

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Business Standard Editorial Comment

Business Standard Editorial Comment 



The results of 354 listed companies that have reported their July-September quarter so far suggest that there is hardly anything to cheer about. The sample includes 22 Nifty companies, and the total income is significant at Rs 4.41 lakh crore. Net sales and total income are both up by 7.3 per cent, year on year, but operating profits have grown by only 4.3 per cent. Net profits are down 2.4 per cent while interest costs are up eight per cent. So overall, sales are up marginally and net profits are down. The long-awaited recovery in revenue growth and profitability is still some time away.

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First Published: Thu, October 27 2016. 22:45 IST

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