Economic slowdown hits domestic-market focused firms

Combined net of 1,860 companies (excluding financials and oil & gas) was down 6.7% y-o-y in Q4FY17

Krishna Kant  |  Mumbai 

The bullish sentiment of Dalal Street was missing from corporate results for the last quarter of the financial year 2016-17. These reflected the tepid 6.1% economic growth released on Thursday. The combined net profit of 1,860 companies (excluding financials, and oil and gas) was down 6.7% year-on-year (y-o-y) during the January-March 2017 quarter, lowest in nine quarters. In comparison, net profit for the sample was up 30.4% during the corresponding quarter in the previous financial year, and 13.1% in the December 2016 quarter. Net sales was up 5.9% y-o-y, marginally higher ...

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Economic slowdown hits domestic-market focused firms

Combined net of 1,860 companies (excluding financials and oil & gas) was down 6.7% y-o-y in Q4FY17

Combined net of 1,860 companies (excluding financials and oil & gas) was down 6.7% y-o-y in Q4FY17 The bullish sentiment of Dalal Street was missing from corporate results for the last quarter of the financial year 2016-17. These reflected the tepid 6.1% economic growth released on Thursday. The combined net profit of 1,860 companies (excluding financials, and oil and gas) was down 6.7% year-on-year (y-o-y) during the January-March 2017 quarter, lowest in nine quarters. In comparison, net profit for the sample was up 30.4% during the corresponding quarter in the previous financial year, and 13.1% in the December 2016 quarter. Net sales was up 5.9% y-o-y, marginally higher ... image
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