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CARE Ratings Research Report
Corporate performance as represented by a sample of 3008 companies reveals that there was a sharp increase in net sales and net profits mainly due to the base effects.
Growth rates get moderated significantly when aggregates are compared over 2019.
A size wise analysis shows that the smaller companies with quarterly sales of less than Rs 10 crore each witnessed a decline in sales compared with 2020.
Further except for the size-group of above Rs 500 crore, all other segments witnessed lower sales in 2021 compared with 2019.
Around more than half the sample companies had not yet reached the sales level of 2019 in the first quarter.
Clearly there is a long distance to be travelled here.
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