Corp balance sheet: Q1 numbers below even modest expectations; focus on cost cut

By: |
August 24, 2020 12:24 AM

Nearly 500 companies in the sample posted net losses while 393 reported losses at operating level reflecting the stress in the economy.

India Inc has disappointed the Street in Q1FY21 despite tempered expectations. Managements remain cautious attributing the rebound in business in June to pent-up demand and continue to focus on trimming costs.

Nearly 500 companies in the sample posted net losses while 393 reported losses at operating level reflecting the stress in the economy.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Offices 2.0 await employees this year; companies prefer adopting hybrid work model
2Spectrum auctions may be a no-show: Telcos expected to do minimum buying, leaving about 60% spectrum unsold
3Indian smartphones back in the game: Brands like Micromax, Lava ring loud again