BUSINESSThe Economic Times ยท 2 hours agoLive
Double-digit growth seen on corporate scoreboard in Q2, but bank, IT, pharma lag
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
September quarter earnings exhibited significant revenue and profit growth for various companies in key sectors. Revenue rose by 22.1% with net profit increasing by 27.5%, surpassing the previous quarter. However, banking, IT, and pharmaceuticals sectors experienced a slow down in growth rates. Excluding lending, operating margins improved, indicating stronger performance in non-banking sectors. Analysts expect 13 out of 18 sectors to deliver double-digit sales growth in the coming quarters.
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