India Inc revenue rose in Q4, but profit grew at slowest pace in 6 quarters

BFSI, auto firms key drivers of net sales, profit in Q4

India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth.

The numbers also show a skew in the sectoral contribution of revenue and profit growth during the quarter. Most of the gains in net sales and net profit came from banking, financial services, and insurance (BFSI) companies, and automakers. The combined net sales (gross interest income in the case of banks and other lenders) of 631 listed companies in the Business Standard sample were up 10.1 per cent year-on-year (Y-o-Y) in Q4FY24,