Early-bird Q4 results do not inspire much confidence

The 17.6% revenue growth of 135 firms drops to just 7.9% if two prominent companies are removed

Business Standard Editorial Comment 

At first glance, the revenue growth of 17.6 per cent, year-on-year, that the 135 early-bird companies have reported for the January-March quarter, looks good. But if two of these companies — the country’s largest company in terms of revenue and the most efficient metal producer — are removed, the growth drops to just 7.9 per cent. Net profit growth, year-on-year, was an insipid 8.6 per cent with a large chunk of it coming from a handful of companies. If three of the top five profit earners during the quarter — Reliance Industries, HDFC Bank and Hindustan Zinc — ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?
LOGIN

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

Early-bird Q4 results do not inspire much confidence

The 17.6% revenue growth of 135 firms drops to just 7.9% if two prominent companies are removed

The 17.6% revenue growth of 135 firms drops to just 7.9% if two prominent companies are removed At first glance, the revenue growth of 17.6 per cent, year-on-year, that the 135 early-bird companies have reported for the January-March quarter, looks good. But if two of these companies — the country’s largest company in terms of revenue and the most efficient metal producer — are removed, the growth drops to just 7.9 per cent. Net profit growth, year-on-year, was an insipid 8.6 per cent with a large chunk of it coming from a handful of companies. If three of the top five profit earners during the quarter — Reliance Industries, HDFC Bank and Hindustan Zinc — ... image
Business Standard
177 22