Indian companies have struggled to stay afloat in the past several quarters, but a handful of them have managed to keep the earnings momentum going.
In the quarter ended December 31, 2018, over 40 companies have already surpassed their sales and profits for the entire financial year ending March 31, 2018, despite all odds.
For instance, Bajaj Finance has reported revenue of Rs 13,167 crore and profit of Rs 2,819 crore for the nine months ended December 2018 compared with Rs 12,748 crore and Rs 2,496 crore reported sales and profit for the year ended March 31, 2018.
Similarly, companies like National Fertilisers, NCC, Graphite, HEG, Bajaj Electricals, Gujarat Fluorochemicals, Sterlite Technologies among others, have posted sales and profits for the nine months ended December 2018 more than for the entire financial year ending March 2018.
Dalal Street is expecting another quarter of tepid earnings season with profit expected to grow in single-digit in the March 2019 quarter.