Sucheta Dalal :Only 40% of top 1200 companies reported higher profits in Q3; 26% declared a loss
Sucheta Dalal

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Only 40% of top 1,200 companies reported higher profits in Q3; 26% declared a loss  

March 1, 2014

Moneylife sample of 1,197 companies recorded a profit decline of 15% for the December quarter even though revenues increased by 7%. Operating profits were flat. Mid-and small-cap companies are the worst hit

 

Moneylife Digital Team

 

It is well-known that high interest rates, rising inflation and declining consumer sentiment stunted India Inc’s growth in the December 2013 quarter.

 

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-- Sucheta Dalal