Big story Podcast | What’s behind India Inc’s earnings revival

Keerthi Sanagasetti | Updated on November 22, 2020

Companies reported strong growth in net profits (year-on-year), on the back of cost savings, lower interest outgo and reduced tax incidence

When the going gets tough, the tough gets going. This maxim seems to apply to India Inc, which seems to have eked out surprisingly good earnings numbers in the July-September 2020 results season.

An analysis of 3,827 listed companies that have reported their numbers (excluding banks and financials) shows a strong sequential improvement in the top-line (up 37 per cent) and net profits (up 470 per cent), thanks to companies slowly resuming operations post the lockdown.

Net profit saw an improvement of 31 per cent year-on-year.

What were the trends underlying this revival? listen in to know more.

Published on November 22, 2020

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