Telecom to oil firms: Q2 results give no clear sign of broad revival

There are signs of revival in corporate performance during the July-September quarter of the financial year 2020-21 (Q2 FY21). Economic activity was led by rural performance, which was backed by agro-growth. A sample of 1,286 listed companies (with minimum sales of Rs 1 crore) that announced their financial performance for the quarter under review till November 10 shows improvement year-on-year (YoY), compared to the corresponding quarter of 2019. There are many extraordinary results, but must be adjusted for a valid comparison. Notably, telecom service providers Vodafone Idea and Bharti.....

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