Economic TimesLean R·
Q1 earnings begin on a strong note as banks fuel double-digit growth
ET Intelligence Group: The early June quarter earnings trend has been marked by double-digit growth in revenue and profit, driven largely by most of the big banks and stable year-on-year performance by the IT pack.For a common sample of 164 companies, revenue grew 17.5% on a low base a year ago, the fastest in at least nine quarters.Net profit rose 14.5% year-on-year, marking a second consecutive quarter of double-digit growth. In the year-ago period, revenue and profit had risen by 4.7% and 11…
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