Profits: Q3 Earnings Review: Profits on a roll, higher costs cut margins

According to Jasani, the margin pressure may continue in the March quarter as companies seem to have reached the end of cost optimisation measures amid the absence of large demand pull.

Synopsis

For a common sample of 2,509 companies, December was the fourth consecutive quarter of double-digit topline growth. Revenue grew by 23.8% on a lower base of 2.3% growth in the year-ago quarter. Net profit rose by 31.3% on the top of a strong 73% jump a year ago.

ET Intelligence Group: India Inc continued to report double-digit year-on-year growth in revenue and net profit for the December quarter though input cost inflation continued to dent operating profit, resulting in a multi-quarter low margins. While margin pressure is expected to continue in the fourth quarter of the fiscal year, analysts expect a gradual demand improvement in the medium term considering the higher capital outlay in the Union

BY

ET Bureau

5 mins read, Last Updated:

Feb 14, 2022, 07:43 AM IST

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