Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low

Excluding IndiGo, the combined net profit of early bird companies was up 7.5 per cent YoY during Q1, growing at the slowest pace in the last five quarters

The earnings season for the April-June 2019 quarter has started on a slow note for Corporate India, with early birds reporting a slowdown — both in top line and bottom line growth.

The combined net profit of 113 companies that have declared their results for the first quarter (Q1) of 2019-20 (FY20) so far was up 10.8 per cent year-on-year (YoY), down from 12.7-per cent YoY growth reported during the fourth quarter of 2018-19 and 13.5 per cent growth a year ago. 

Combined net sales (or net interest income in the case of lenders) were up 12.2 per cent, growing at the