The revenue growth of early birds or companies that have declared their Q4FY24 (March quarter) numbers is the highest in the last four quarters.
The 178 companies (excluding their listed subsidiaries) that declared their results till Saturday have reported a sales growth rate of 13.2 percent year-on-year (Y-o-Y), taking aggregate revenue to 9.1 trillion.
Including other income, growth is at 16 percent, the highest in the last four quarters.
Earnings growth for these companies came in at 12.7 percent, which was better both on a Y-o-Y basis as well as sequentially.
Over the year-ago quarter, the Q4 bottom line was up 310 basis points while it gained 110 basis points over the December quarter.
About 70 percent of incremental profit came from the banking, financial services, and insurance (BFSI) sector alone.
Early-bird results are dominated by software majors and companies in the banking and financial services space with about a third of these companies belonging to these two sectors.
As was the case in the previous quarters, BFSI companies have led on revenue as well as net profits. The gross interest income of the BFSI sector was up 30.3 percent Y-o-Y at ₹2.36 trillion.
Denne historien er fra April 29, 2024-utgaven av Business Standard.
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Denne historien er fra April 29, 2024-utgaven av Business Standard.
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A life that lives beyond
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Love-all, RAFA
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