Earnings of leading Companies stagnate due to poor demand in market
Updated: Feb 12, 2015 04:12:46pm
If banks, information technology (IT) and oil companies are excluded from this sample, the aggregate net sales for the 227 firms that have reported earnings, rose 4.88%—the slowest such growth rate in three years. Net profit for these companies increased by 1.54%—the slowest since the quarter ended March 2013.
For 21 of the 30 Sensex companies that have announced their December quarter earnings, aggregate net sales dropped 4.6% from a year ago, the first such decline since the September 2009 quarter. Net profits for these companies declined 1.7%, the first such drop since the quarter ended March 2013.
(KNN/SS)