Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low

The earnings season for the April-June 2019 quarter has started on a slow note for Corporate India, with early birds reporting a slowdown — both in top line and bottom line growth. The combined net profit of 113 companies that have declared their results for the first quarter (Q1) of 2019-20 (FY20) so far was up 10.8 per cent year-on-year (YoY), down from 12.7-per cent YoY growth reported during the fourth quarter of 2018-19 and 13.5 per cent growth a year ago.  Combined net sales (or net interest income in the case of lenders) were up 12.2 per cent, growing at the.....

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