Business Standard

Q3FY24 results: India Inc profit growth slowest in the last 14 quarters

Sample of early-bird companies shows worst net sales since Q3FY21

q3 results
Premium

ILLUSTRATION: AJAY MOHANTY

Krishna Kant
The early-bird results for the October-December 2023 quarter (Q3FY24) hint at a slowdown in corporate profit growth and a further deceleration in India Inc’s revenue growth.

The combined net profit of 215 early-bird companies that have declared their quarterly results so far is up 12.5 per cent year-on-year (Y-o-Y) in Q3FY24, growing at the slowest pace in the last 14 quarters.

These companies’ net sales (gross interest income for banks and non-banking finance companies) were up 9.4 per cent Y-o-Y in the third quarter, their worst show since the December 2020 quarter when net sales were down 3.5 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 21 2024 | 11:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com