Monday, March 17, 2025 | 02:45 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Drop in oil, metal prices likely to hurt Nifty50 companies' Q3 net profit

Robust growth in banks, capital goods, IT and consumer companies

Drop in oil, metal prices likely to hurt Nifty50 companies' Q3 net profit
Premium

Krishna Kant Mumbai
The decline in crude oil and metal prices is expected to result in a fall in net profit of companies in the Nifty50 index of the National Stock Exchange for the October-December 2018 period, after five quarters of growth.

The combined net profit of the Nifty50 companies is estimated to fall by 3.6 per cent year-on-year (YoY) to around Rs 85,000 crore, their worst show in seven quarters. In comparison, these companies’ earnings were up 12.9 per cent during October-December 2017 and 14.6 per cent in the September quarter of 2018-19.

The fall in commodity prices is also likely to impact revenue

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in