The revenue growth of early birds or companies that have declared their Q4FY24 (March quarter) numbers is the highest in the last four quarters.
The 178 companies (excluding their listed subsidiaries) that declared their results till Saturday have reported a sales growth rate of 13.2 percent year-on-year (Y-o-Y), taking aggregate revenue to 9.1 trillion.
Including other income, growth is at 16 percent, the highest in the last four quarters.
Earnings growth for these companies came in at 12.7 percent, which was better both on a Y-o-Y basis as well as sequentially.
Over the year-ago quarter, the Q4 bottom line was up 310 basis points while it gained 110 basis points over the December quarter.
About 70 percent of incremental profit came from the banking, financial services, and insurance (BFSI) sector alone.
Early-bird results are dominated by software majors and companies in the banking and financial services space with about a third of these companies belonging to these two sectors.
As was the case in the previous quarters, BFSI companies have led on revenue as well as net profits. The gross interest income of the BFSI sector was up 30.3 percent Y-o-Y at ₹2.36 trillion.
Diese Geschichte stammt aus der April 29, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 29, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Rain, dust storm kill 8, disrupt life in Mumbai
Rain and strong gusts of wind swept through several parts of Mumbai on Monday, killing eight people and wounding nearly 60 others, while damaging property and resulting in the suspension of flight and train operations.
ER&D sails get trimmed amid FY25 outlook fog
In the face of weak client spends and elongated sales cycles, near-term outlook charts uncertain waters, say analysts
Health plan: Compare features, costs; port if you find better deal
Combine base policy with super top-up; buy multi-year policy to cope with rising health insurance premiums
Indegene shares rally over 26% in debut trade
Shares of healthcare tech firm Indegene Ltd on Monday ended with a premium of over 26 per cent against the issue price of ₹452.
Anxiety on D-St: Voter turnout, victory margin quicken mkt pulse
Foreign investors wait on the sidelines, seeking clarity on the next govt's composition and strength
Gilt-y pleasure: Active debt MFs see heaviest inflows in over 3 years
Gilt schemes garner ₹5,200 cr in April, most in at least 5 yrs
Gains in ABB may sustain on strong margin outlook
ABB India's March quarter results (Q1CY24) were led by strong margin performance.
ICICI SECURITIES DELISTING - Privacy rules breached: Shareholders tell NCLT
ICICI Securities breached shareholder privacy and administration rules by sharing the details of shareholders with ICICI Bank, minority shareholders told the National Company Law Tribunal (NCLT) on Monday.
Gaining strength
Improving bank balance sheet will support growth
The power gap
Battery storage systems can maximise RE