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India Inc financials improve in Q2, but will the momentum sustain?
While recovery is expected to continue in the coming quarters, analysts point at some of the key challenges.
Synopsis
Analysts expect the momentum to sustain in the coming quarters amid the broad based recovery and various initiatives by the government to restore economic activity.
ET Intelligence Group: India Inc showed a gradual improvement in the financial performance for the second quarter of FY21 from the dismal numbers in the previous quarter hit by a nationwide lockdown to curtail the COVID-19 pandemic. Analysts expect the momentum to sustain in the coming quarters amid the broad based recovery and various initiatives by the government to restore economic activity.Net profit of a sample of 2,371 companies increased
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