Must Read
Loss of many listed companies plunges to Rs 36,500 crore
By IndianMandarins- 18 Nov 2019
795Many of the listed companies of India except financials and oil and gas companies reported a combined net loss for the first time in the past 15 years while their net sales contracted for the first time in four years in Q2 that is July-September quarter. The bottom line slipped into the red due to record losses posted by mobile operators during Q2.The decline in sales is attributed to slackness in demand in the domestic economy. This also clouds the earnings outlook for the forthcoming quarters. Listed companies’, excluding financials and oil and gas, combined earnings plunge 68 per cent YoY to Rs 36,500 crore.
Readers' Choice
ED arrests Anil Tuteja in Chhattisgarh liquor scam case
IPS officer writes to “Sarkar” seeking “Car” at par; flags a discriminatory regime
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
Loss of many listed companies plunges to Rs 36,500 crore
By IndianMandarins - 2019-11-18 10:17:00
Many of the listed companies of India except financials and oil and gas companies reported a combined net loss for the first time in the past 15 years while their net sales contracted for the first time in four years in Q2 that is July-September quarter. The bottom line slipped into the red due to record losses posted by mobile operators during Q2.
The decline in sales is attributed to slackness in demand in the domestic economy. This also clouds the earnings outlook for the forthcoming quarters. Listed companies’, excluding financials and oil and gas, combined earnings plunge 68 per cent YoY to Rs 36,500 crore.
