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
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