India Inc Q2 earnings growth highest in 7 quarters, combined net up 16.2%

Metals and mining companies topped the earnings growth chart, with 151% growth in the sector's combined net profit during Q2

Corporate India reported a good set of numbers during the July-September 2018 quarter, thanks to gains from a low base during the corresponding quarter last fiscal year and a better-than-expected showing by metals and mining firms.

The combined net profit of 1,889 companies across sectors was up 16.2 per cent year-on-year (YoY) during the second quarter (Q2) of 2018-19, growing at the fastest pace in the last seven quarters. Earnings were down 10.8 per cent YoY during Q2 of last fiscal year.

In rupee terms, the combined net profit grew to Rs 1.15 trillion, a number last seen during the first half