Sensational Q4 Earnings For Corporate Sector: CARE Ratings

The reflection of a trader working is seen on a monitor. (Photographer: Jin Lee/Bloomberg). 

Sensational Q4 Earnings For Corporate Sector: CARE Ratings

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The last quarter of a challenging and pandemic-hit fiscal FY21 has been absolutely dazzling for the corporate sector having registered double-digit growth in the top-line and more than six-times jump in net profits (YoY).

Although one can argue that the year-on-year performance is relatively skewed due to a low-base but importantly, there has been a sequential improvement of 9.6% in net sales and almost 30% growth in net profits in Q4-FY21.

Cumulatively, this shows a promising bounce-back for corporate India from the testing first half of this fiscal which was marred by nation-wide lockdowns during April and May 2020 and gradual relaxations in the subsequent couple of months.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.