Sales, profit grow in double digits, but margins drop
Business

Sales, profit grow in double digits, but margins drop

By Dan Neff

Revenue growth improved to 12% from a drop of 5% in the previous quarter while net profit rose by 2% from a 15% drop by similar comparison. The margin contracted by 320 basis points sequentially.

Synopsis

The initial trend in second-quarter results show that aggregate sales and profit continue to grow in double digits year-on-year albeit at lower profitability, marred by input cost inflation. A sample of 250 companies reported 27.7% year-on-year growth in revenue on a 6.6% fall in the year-ago quarter. Net profit rose by 23% on top of a 36.4% growth a year ago.

ET Intelligence Group: The initial trend in second-quarter results show that aggregate sales and profit continue to grow in double digits year-on-year albeit at lower profitability, marred by input cost inflation. A sample of 250 companies reported 27.7% year-on-year growth in revenue on a 6.6% fall in the year-ago quarter. Net profit rose by 23% on top of a 36.4% growth a year ago.

Revenue grew in double digits for three consecutive quarters

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff