Indian Corporate Earnings Show Mixed Results in June Quarter

Indian companies are reporting mixed financial results for the June quarter, with revenue increasing but net profits declining. According to an analysis, the combined revenue of companies that have declared their June-quarter financial results so far is up 5.83% year-on-year. However, net profits are down 10.7%. This trend is more pronounced when excluding companies in the banking, financial services, and insurance (BFSI) sector. For this group, the top line grew 4.6%, while profits were down 14.8%. The analysis covered 204 BSE-listed companies, including 34 banking and financial services firms, that had declared their results by Friday. Data for this analysis was sourced from Capitaline’s database. More companies are expected to announce their results in the coming weeks, and this analysis will be updated accordingly.

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