Mint Explainer | Post tax cut why earnings revival is far away?

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.