India Inc Q1 results: Early birds get a boost from Reliance Industries

Combined net profit up 10.6% YoY in June quarter

Krishna Kant  |  Mumbai 

The corporate results season for the April-June 2017 quarter has started on an encouraging note, thanks to a better-than-expected performance by industry heavyweights such as Reliance Industries (RIL) and Hindustan Zinc. The combined net profit of 119 early bird companies is up 10.6 per cent on a year-on-year (YoY) basis in the first quarter of FY2017-18 (FY18), better than the 10.2 per cent growth reported by the sample in the corresponding year-ago period. However, it’s a sharp deceleration from the 33.3 per cent YoY growth in earnings during the March 2017 quarter. ...

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