Q4 performance: Banks, finance companies show strong momentum in early Q4 results

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Synopsis

March 2024 quarter results reveal robust revenue and profit growth, particularly driven by banking and finance companies. Varied performance noted across different sectors, with expectations exceeded in some areas. ​In the coming weeks, as more companies from diverse sectors declare results, the dominance of select sectors and companies will reduce and trend in aggregate numbers will be clearer.

ET Intelligence group: The early trend in the March 2024 quarter results season reveals a strong aggregate performance in the form of double digit revenue and profit growth driven by robust numbers from banking and finance companies on a lower base in the year-ago quarter. For a common sample of 202 companies that have declared results so far, net profit grew by 29.9% compared with a modest 0.1% growth a year ago. Revenue rose by 15.1% over and

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ET Bureau

3 mins read, Last Updated:

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