city Mumbai covid-19 pandemic economy city Mumbai

Lower input costs aid margins even as revenue falters, Q4 early trends show

Reading now: 962
www.livemint.com

MUMBAI: The partial impact of nationwide lockdown in March quarter notwithstanding, early trends in corporate earnings show that business growth had already been impacted by the ongoing economic slowdown preceding covid-19.

However, low raw material costs aided margins in some companies. A Mint analysis showed that net sales of 105 BSE-listed companies, which have reported earnings so far, contracted by -0.82% in January-March period, a 21-quarter low.

Net sales of these companies in March quarter last fiscal grew 14.74% while it was 5.12% in December quarter of FY20. Aggregate net profit growth of these companies was at -0.50% in Q4 from 7.02% in preceding quarter and -5.09% in March quarter last fiscal, according to data provider

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA