Early-bird Q4 results reflect earning hiccups despite margin expansion

Net sales grew by 8.5 per cent, slightly better than the 8.1 per cent Y-o-Y growth rate in Q3FY25, but a sharp decline from the 11 per cent in the March quarter of FY24

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Excluding BFSI, the combined net profit of early bird companies rose by 3 per cent Y-o-Y in Q4FY25, slowing from 4.7 per cent growth in Q4FY24 and 10 per cent growth in Q3FY25

Krishna Kant Mumbai

4 min read Last Updated : Apr 27 2025 | 11:33 PM IST

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Early-bird results for the January-March 2025 quarter (Q4FY25) suggest a slowdown in earning growth for India Inc, despite a benign cost environment that has led to an improvement in margins.

The combined net profit (adjusted for exceptional gains and losses) of 175 early-reporting companies rose by 3.8 per cent year-on-year (Y-o-Y) in Q4FY25, marking the slowest growth in 17 quarters. Net sales grew by 8.5 per cent, slightly better than the 8.1 per cent Y-o-Y growth rate in Q3FY25, but a sharp decline from the 11 per cent in the March quarter of FY24. This was the slowest March quarter

Topics : Company Results Q4 Results Results