India Inc posts strong numbers on low base
Synopsis
Internet gross sales of a pattern of 240 cos analysed by ET rose 34.1% year-on-year within the June quarter whereas web revenue rose 67.8%. Nonetheless, the pattern’s profitability, as measured by working margins, took a 290 foundation level knock within the quarter as a consequence of larger uncooked materials prices and elevated wages from the year-ago ranges. One foundation level is one-hundredth of a proportion level.
ET Intelligence Group: India Inc has notched up robust double-digit development in each combination income and web revenue within the June quarter, reveals a pattern of corporations surveyed, driving a wholesome restoration magnified by the low base of the Covid-hit year-earlier interval. The early first-quarter development reveals sustained development on a low base.
Internet gross sales of a pattern of 240 corporations analysed by ET rose 34.1% year-on-year within the June quarter whereas web revenue
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https://economictimes.indiatimes.com/markets/shares/earnings/india-inc-posts-strong-numbers-on-low-base/articleshow/84744883.cms | India Inc posts robust numbers on low base