Even as the stock market has risen sharply over the last two trading sessions, corporate performance in the last quarter (January-March 2020) presents a dismal picture with a broad trend of lower revenues, lower profits, and lower margins. An analysis of the data of 295 listed companies shows that income, operating profits, and profit after tax (PAT) have declined by 1.8 per cent, 4.9 per cent, and 11.6 per cent, respectively, over the corresponding period last year. At a more granular level, if refineries and banks are removed from the sample, operating revenues for other sectors dropped 2.7 .....
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.