These Companies That Reported First Loss in At Least 10 Quarters in Q1
As many as 15 companies in the listed universe of NSE reported their first loss in at least 10 quarters. They included Tata Motors, ICICI Bank and Piramal Enterprises from the largecap space and Electrosteel Castings, SpiceJet, Hindustan Construction Company, Strides Pharma Science, Madhucon Projects, Narayana Hrudalaya, Olectra Greentech, Healthcare Global, Tokyo Plast International, Adroit Infotech, Dai-Ichi Karkaria and Orient Press from among second-rung stocks.
April-June period was another mixed quarter for India Inc, with companies listed on the National Stock Exchange (NSE) posting a tad above 7 per cent year-on-year growth in net profit on a 14 per cent YoY jump in top line.
For Nifty, earnings growth stood at 13.7 per cent YoY, but that was largely on account of SBI and telecom firms, excluding which, the earnings growth was 24 per cent YoY.