Corporates' Q2 net profit shows robust growth: Economic Survey
Tuesday - January 31, 2017 4:27 pm ,
Category : BUSINESS
The Economic Survey 2016-17 tabled in Parliament on Tuesday by Union Finance Minister Arun Jaitley revealed a robust growth trend in corporate sector's net profits during the second quarter (Q2) of 2016-17.
According to the survey, the performance of corporate sector (Reserve Bank of India, January 2017) highlighted that the growth in sales stood at 1.9 per cent in Q2 of 2016-17 as compared to near stagnant growth of 0.1 per cent in Q1 of 2016-17.
"The growth of operating profits decelerated to 5.5 per cent in Q2 of 2016-17 from 9.6 per cent in the previous quarter," the survey pointed out.
The survey elaborated that the year-on-year growth in interest expenses remained flat in Q2 of 2016-17, as compared to 5.8 per cent in the previous quarter.
"Growth in net profits registered a remarkable growth of 16.0 per cent in Q2 of 2016-17, as compared to 11.2 per cent in Q1 of 2016-17," the survey showed.
--IANS
According to the survey, the performance of corporate sector (Reserve Bank of India, January 2017) highlighted that the growth in sales stood at 1.9 per cent in Q2 of 2016-17 as compared to near stagnant growth of 0.1 per cent in Q1 of 2016-17.
"The growth of operating profits decelerated to 5.5 per cent in Q2 of 2016-17 from 9.6 per cent in the previous quarter," the survey pointed out.
The survey elaborated that the year-on-year growth in interest expenses remained flat in Q2 of 2016-17, as compared to 5.8 per cent in the previous quarter.
"Growth in net profits registered a remarkable growth of 16.0 per cent in Q2 of 2016-17, as compared to 11.2 per cent in Q1 of 2016-17," the survey showed.
--IANS
