India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
There has been a sharp recovery in the headline corporate earnings in the April-June 2023 quarter (Q1FY24), after a dismal showing by early bird companies. The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record a high of Rs 2.68 trillion in the first quarter, but growth in earnings remained lopsided because most of the incremental gains came from a handful of companies. Moreover, the quarterly numbers showed a continued slowdown in revenue growth.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
The analysis is based on the free-float market capitalisation.
June quarter showed revival over previous one, says study; Mumbai-Pune and Bangalore lead the way
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.