ebit

India Inc improves interest coverage in Q1 amid strong operating profit, lower interest expense

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India Inc improves interest coverage in Q1 amid strong operating profit, lower interest expense

The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense. The ratio was 4.9% in the June quarter for a sample of 2,695 companies excluding banks, finance companies, and oil and … Read more

Infosys Q1 preview: Profit may rise 7-8% YoY; FY23 guidance likely to be retained

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Infosys Q1 preview: Profit may rise 7-8% YoY; FY23 guidance likely to be retained

NEW DELHI: is likely to report a 7-8 per cent growth in profit on a double digit growth in sales. Ebit margin may see a sequential fall on account of wage revisions and rise in travel costs, which analysts said,could be offset by increase in margins of manufacturing vertical and modest depreciation of 1.4 per … Read more