Sluggish demand: Earnings crawl in December quarter

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Published: February 17, 2020 5:30:10 AM

This was also on the back of lower tax rate and higher other income, without which the bottomline would have shrunk.

Net revenue for a sample of 1,503 firms fell nearly 2% as India Inc was unable to push through volumes due to sluggish demand.Net revenue for a sample of 1,503 firms fell nearly 2% as India Inc was unable to push through volumes due to sluggish demand.

With most companies reporting tepid numbers in October-December, net profit rose marginally at 0.85% on a y-o-y basis.

This was also on the back of lower tax rate and higher other income, without which the bottomline would have shrunk.

Net revenue for a sample of 1,503 firms fell nearly 2% as India Inc was unable to push through volumes due to sluggish demand.

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