Among the 47 sectors monitored by Crisil, only 12 are expected to have clocked an improvement in revenue growth both sequentially and year-on-year for the quarter.
Info Edge Q3 earnings: ICICI Direct feels the stock is a quasi play on Indian startups like Zomato, PolicyBazaar, Shoekonect, Ustra, Gramophone and job market, matrimony services and real estate market
Read more about Corporate profit to GDP ratio hits 10-year high of 2.63% in FY21 on Business Standard. India Inc s combined net profit was up 57.6% to Rs 5.31 trillion in FY21
The ferocious second wave of coronavirus being witnessed in India will delay earnings recovery for Indian companies, ratings agency Moody s said on Monday. The sharp rise in infections will disrupt earnings, recovery recorded by companies over the past six months, it said while adding that prolonged and wider lockdown will have a more severe effect on earnings recovery. However, the ratings agency sees limited impact of second wave lockdowns on economic activity so far. Moody s further said restrictions on movement and lockdowns in several parts of the country will lead to a weaker consumer sentiment and will hit housing and automobile sales.