Education

Nifty companies to report robust numbers in Q1 as low base effect kicks in

By Nick J Adam

On a sequential basis, net sales in the June 2021 quarter may increase by a tad 1.3% while profit may increase by 13%.

Synopsis

The sample’s revenue is expected to grow by 56.3% year-on-year while net profit is likely to treble. In the year-ago quarter, revenue and profit had fallen by 27% and 48% respectively.

ET INTELLIGENCE GROUP: The aggregate year-on-year performance of the Nifty 50 companies for the June quarter is expected to be robust given the low base in the form of a sharp fall in revenue and profit amid the onset of the pandemic in the year-ago quarter. The sequential performance however will be muted given the impact of the second wave of the pandemic. Analysts expect the corporate earnings to improve over the remaining quarters of the

ET Bureau

6 mins read, Last Updated:

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Nick J Adam 105178 posts