Corp earnings grew faster in Q3 despite pandemic
- A Mint analysis of 2,485 firms shows that net profit grew fastest in at least 25 quarters
- During Q3FY21, net sales growth of firms grew 7.07% from a year earlier—a seven-quarter high
Corporate earnings grew at a robust pace in the December quarter in a bright spot for the Indian economy that is seeking to ride out of the brutal effects of the pandemic. Out-of-home consumption, festive demand and improved consumer sentiment, besides benefits of tight cost control led to better-than-expected earnings growth during the quarter.
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