India Inc puts up strong Q1 show, barring RIL numbers

Mumbai: The early trend in the June quarter performance of India Inc shows that aggregate growth in revenue and profit was marred by the subdued numbers of Reliance Industries Ltd (RIL). A stellar show by banks and finance companies partially offset the impact. A sample of 221 companies that have declared results so far reported 8.1% year-on-year growth in revenue while net profit rose by 13.7%.