MUMBAI : After the regulatory rap by Securities and Exchange Board of India (Sebi) over a dozen companies have disclosed the financial impact of covid-19.
Majority of the listed companies so far had just been disclosing lockdown and related shut down of operations but financial assessment was missing.
Companies such as D-Mart, Trent, Cochin Shipyard, Titan, Leela Hotels have disclosed the challenging times ahead due to the pandemic.
The disclosures by companies give a sense of the pain points for India Inc which is spanning across plethora of issues. No revenues, no sales, no bookings, lack of migrant work force, suboptimal performance of essential services will continue to impact balance sheets for atleast two quarters.