Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap

The report pointed out that sectors also suffered from around 30% dip in operating profit as well as bottom line

Almost all companies across sectors have suffered a revenue de-growth of 5 per cent for Q4FY20, a SBI Ecowrap report said on Friday. The report pointed out that sectors also suffered from around 30 per cent dip in operating profit as well as bottom line.

"Overall, we feel no sector is untouched with the impact of Covid-19 and subsequent lockdowns even after opening up will prolong the economic pain," the Ecowrap report said. "Results in Q4FY20 (in listed space ex BFSI and refineries) reveal a de-growth of 5 per cent in revenue and around 30 per cent both in operating