Synopsis
According to the ET Intelligence Group’s estimates, aggregate net profit of the Nifty 50 companies is likely to grow by 30.4 per cent compared with a drop of 8.1 per cent in the year-ago quarter. Revenue is expected to grow by a modest 1.4 per cent.
Mumbai: India’s 50 large and frequently traded companies are likely to show double-digit year-on-year growth in net profit for the September 2020 quarter even though the revenue growth may turn out to be modest. The profit growth will be largely due to the focus of companies on margin management through cost optimisation and the low base a year ago due to losses by a few companies.According to the ET Intelligence Group’s estimates, aggregate net
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Credit: economictimes.indiatimes.com
