Earnings for the latest quarter have ushered mixed news for the corporate sector. While the recent cut in corporate tax rates led to better-than-expected profit and restrained the pace of earnings downgrades, businesses continued to reel under pressure in the three months ended September. A Mint analysis of 1,462 firms showed net sales in the September quarter was the lowest in at least 27 quarters. Net sales decelerated 2.23% year-on-year, much lower than the 5.15% growth in the preceding three months, according to data provider Capitaline. Mint's Nasrin Sultana analyses Q2 corporate earnings.
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