While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up.
Synopsis
For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth a year ago. It was the third straight quarter of double-digit growth in profit.
ET Intelligence Group: Corporate India clocked double-digit growth in aggregate net profit for the third quarter helped by stable input costs and lower interest outgo in case of manufacturing companies while revenue growth remained below 10% for the third straight quarter.For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth
BY
ET Bureau
4 mins read, Last Updated:
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