Q4 results: Stable costs boost India Inc. profits
Synopsis
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Stable commodity prices supported corporate India’s performance in the fourth quarter of 2023-24. Although revenue growth moderated, profitability improved. A Bank of Baroda report shows that the aggregate sales and net profit of 2,537 companies grew 7.8% and 17.1% yearon-year, compared to 10.2% and 8.4% in the previous year’s quarter.Excluding the BFSI sector, the sales and profit growth for 2,259 companies softened to 4.4% and 7%,
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