InvestorQ : How have been the quarterly results of Indian companies so far?
Rutuja Nigam made post

How have been the quarterly results of Indian companies so far?

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5 months ago
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If you go by the report published by ICICI Securities, there is good news on the corporate results front. For example, the Mar-21 fourth quarter saw a larger number of companies beating analyst expectations. Net profits of the Nifty-200 index stocks were up by 120% yoy on the back of a sharp cyclical recovery in growth.

If you look at the profits of Nifty-50 companies, it has almost doubled. This can be attributed to the nominal GDP revised upward by 0.8% to Rs.197 trillion. Quarterly scorecard got a boost from sectors like metals, cement, building material, capital goods and autos. More importantly, the QOQ growth rate is over 25%, much better than most optimistic projections.

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