Synopsis
Net sales of a sample of 240 companies analysed by ET rose 34.1% year-on-year in the June quarter while net profit rose 67.8%. However, the sample’s profitability, as measured by operating margins, took a 290 basis point knock in the quarter due to higher raw material costs and increased wages from the year-ago levels. One basis point is one-hundredth of a percentage point.
ET Intelligence Group: India Inc has notched up strong double-digit growth in both aggregate revenue and net profit in the June quarter, shows a sample of companies surveyed, riding a healthy recovery magnified by the low base of the Covid-hit year-earlier period. The early first-quarter trend shows sustained growth on a low base.
Net sales of a sample of 240 companies analysed by ET rose 34.1% year-on-year in the June quarter while net profit
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