India Inc Q1 Earnings Disappoint: Will Festive Season Bring Cheer?
  • WebDesk BTVI
  • Aug 19 2019

The India Inc has posted a disappointing June quarter earnings, with profits entirely driven by banks off a low base. Private Banks posted a 39 per cent profit growth in the quarter, while the cement sector beat street estimates led by strong realizations and benign costs. Pharma players delivered an in-line performance. Naveen Kulkarni, Head of Research, Reliance Securities, reviews the Q1 numbers, and gives his outlook on different sectors.