Q3 Corporate Earnings Analysis: Care Ratings
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Care Ratings Research Report
After a sharp deterioration in the corporate performance (especially in the top line of corporates) in the first two quarters of FY21, expectations were riding high on a notable improvement in corporate earnings in the third-quarter of the fiscal on the back of festive season led demand recovery.
Corporate performance in Q3 FY21 has been robust as reflected by a marginal uptick in net sales and strong growth in net profits, indicative of a bright spot in the recovery prospects for the Indian economy.
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