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.

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