Indian firms’ revenues may slump most in four years in July-September quarter

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.