India Inc’s financial results for the December quarter yet again show why corporate India may be holding back in fresh investments despite cornering growing profits. It is a matter of concern both for the companies as well as the Union government. Here’s why.
India Inc’s financial results for the December quarter yet again show why corporate India may be holding back in fresh investments despite cornering growing profits. It is a matter of concern both for the companies as well as the Union government. Here’s why.
India Inc s profits touch another high in Q3; finserv leads, manufacturing bleeds
Financial statements for December quarter imply that while business continues to remain sluggish, resulting in employment being stagnant or lower, companies continue to make record profits
BusinessToday.In | February 17, 2021 | Updated 21:24 IST
Despite a sluggish business environment, listed Indian companies posted record net profits in December quarter, exceeding the previous high of September quarter by a whisker , the Centre for Monitoring Indian Economy (CMIE) said.
In a recent report, the private think tank pointed out that the increase in profits of larger companies is in contrast to the continued weakness in business and employment levels seen by them in 2020-21 on account of the pandemic.