Telecom, aviation, auto sectors report highest losses in Q2
Telecom, aviation and auto sectors have emerged as the industries with the highest losses in the second quarter of the current fiscal. While the telecom sector reported losses of Rs 79,759 crore, aviation companies were a distant second with losses of Rs 1,532 crore.
Analysis done by Care Ratings show that shipping and public sector banks were also in the list of poor performers in the second quarter. On the other hand, refineries, pharmaceutical and drugs, power generation and distribution, oil exploration and housing finance companies report highest profits during the second quarter.
“The number of industries which recorded positive growth in net sales during Q2-FY20 has almost halved vis-à-vis the number of industries which had recorded positive growth in net sales during Q2-FY19,”Care Ratings said.
