 "q1 results, earnings, companies, india inc, corporate")
The strong surge in India Inc’s profits seen after the first wave of Covid-19 is now losing momentum as demand recovery falters.
The combined net profit of India’s top listed companies was down 12.4 per cent in Q1FY22 on a quarter-on-quarter (Q-o-Q) basis while net sales declined 7.8 per cent Q-o-Q.
The 2,866 companies in the Business Standard sample reported combined net profits of Rs 1.90 trillion in Q1FY22, up four times from Rs 48,890 crore in Q1FY21 and against Rs 2.16 trillion in the January-March FY21 quarter.
In comparison, these companies had combined net sales of Rs 21.4 trillion
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