Positive start to Q4 corporate earnings; combined net profit 36.2%

Earnings growth in the early-bird sample has been driven BY banks and iron & steel companies.

The corporate earnings season for the fourth quarter of FY21 has started on a positive note for India Inc.
 
The combined net profit of 81 companies that declared their quarterly results by Monday evening is up 36.2 per cent year-on-year (YoY).
 
These companies reported all-time high net profits of Rs 39,540 crore in Q4FY21, up from Rs 29,033 crore a year ago.
 
The early-bird companies’ earnings are, however, down 4 per cent on a quarter-on-quarter basis, hinting at a plateauing of corporate profitability after three quarters of recovery from Covid-19 lockdown.
 
The companies’ combined revenues, including