Despite Covid-19 pandemic, India Inc scripted a smart turnaround

Just a few months ago, the mood in the corridors of corporate India was all gloom and doom. Battered by a pandemic that spared none due to the prolonged lockdown, even the best in the business had little visibility about the future. A large number of companies stared at defaults, selling or shutting of businesses and widespread ratings downgrades. The hint of slowdown came even before Covid-19 struck, but no one knew the extent of the problem till the numbers came. The combined net profit of BS 1000 companies was down a record 45.8 per cent during the fiscal year ending March 2020. Revenues we.....

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