The 271 companies in our sample together spent Rs 21,183 crore on interest expenses in Q1FY24 up from Rs 15,552 crore a year ago and Rs 20,498 crore in Q4FY23
The demerger will however have only a marginal negative impact on ITC overall earnings and share price given the hotel division miniscule contribution to its consolidated finances
India Inc more dependent on BFSI, IT companies to drive growth
The meltdown in IT stocks on Friday was triggered by the Infosys results and projections announced the previous day
According to Reliance Strategic Investments annual report for FY22, it had other long-term investments worth around Rs 181 crore
According to Chokkalingam, the rally is an opportunity for investors to book profits in these stocks rather than make fresh investments
In Q1FY24, it may witness the first YoY net sales decline since Q3FY21 and the sharpest net profit fall since Q2FY21
Automakers, banks likely top performers
FY23 payout may be 25% more than previous year
This would be owing to a combination of higher interest risk in the international financial market and a likely deterioration in their finances
Jio-Airtel market share reaches all-time high
Firm's net and cash loss widened in FY23 despite an improvement in operating profit during the year
The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22
Better than expected showing by BFSI
By comparison, their combined net sales (gross interest income for BFSI companies) were up 14.3 per cent YoY to Rs 33.2 trillion in Q4FY23, from Rs 29 trillion a year ago
Most analysts expect RIL's capex to remain high in 2023-24 as well, by virtue of the roll-out of the 5G network and the continued expansion of its offline and online retail footprint
12 PSBs paying equity dividend of Rs 21,000 crore, up 53% from Rs 13,710 crore for FY22
The share of their net profit in India's GVA hit a record high of 1%
But its FY18-FY23 revenue CAGR lags India's GDP growth
Rs 33K-cr payout by group firms up 130% YoY