MUMBAI : Corporates with adequate balance sheet strength are more likely to sustain the impact of the COVID-19 pandemic which has affected all the sectors, says a report.In the current exceptional circumstances, it is futile to look at profit and loss parameters, according to the SBI's research report, Ecowrap."What will be more important to closely observe the balance sheet strength.
Ideally, corporates with such strength will be able to navigate through this exceptional times," the report said.It said no sector is untouched with the impact of COVID-19 and subsequent lockdowns even after opening up will prolong the economic pain.