MUMBAI: Revenues at India’s top companies are expected to fall 8.2% in the July-September quarter, the biggest decline in at least four years, according to Thomson Reuters data, highlighting the precarious health of the corporate sector.
But analysts say cost-cutting measures and a lower base effect could see companies post a slight 0.4% rise in net income from the previous year, the first earnings growth in four quarters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!