 "Q4 earnings, Q4, Q4 results")
The corporate results for the January-March 2023 quarter (Q4FY23) are turning out to be a whimper after a strong showing by early-bird companies. The combined net profits of 390 companies that have declared their fourth-quarter results are up just 2.3 per cent year-on-year (YoY) in Q4FY23, which is the worst performance by them since April-June 2020 (Q1FY21).
In comparison, their combined net profits were up 47.6 per cent YoY in Q4FY22 and 3.4 per cent in Q3FY23. Corporate earnings have taken a beating from a slowdown in revenue growth and a sharp rise in interest expenses.
Combined net sales (gross interest income
