The net profit was 40% lower. It was better than estimated due to higher other income and lower effective tax rateWeak demand precipitated a 30% year-on-year slump in vehicle sales, which resulted in a 25% drop in net sales
2 min read25 Oct 2019Performance is an indicator of the tough road ahead in the second half of the fiscal
2 min read25 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared