Q3 trends signal robust recovery
Early trends in December-quarter earnings signal that India Inc. has put up a good show, recovering from the coronavirus turbulence with a strong focus on the balance sheet, cash flow and expenses.
Analysts, however, said that as things begin to normalize and supply-side issues are ironed out, margin improvements reported in the quarter will likely moderate.
A Mint analysis showed net sales of 166 BSE-listed firms grew 10.47% from a year ago during the fiscal third-quarter—a seven-quarter high. That compares with a 3.34% gain in the preceding September quarter and a 1.57% increase in the December quarter of 2019, according to data provider Capitaline.
