India city Mumbai pandemic economy doctor India city Mumbai

Q2 results: Many small firms yet to beat pandemic blues

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₹2.31 tn, shows Mint analysis of BSE firms MUMBAI : As many as 38% of BSE-listed companies, mostly smaller businesses, struggled to match their pre-covid sales in the three months to September even as results from other companies made for a generally positive third quarter earnings season.

On the face of it, the latest corporate earnings appear to be just what the doctor ordered, with combined net profits of listed companies rising to a record ₹2.31 trillion.

Indian companies posted a strong net profit growth of 62% year-on-year (y-o-y), with an equally stunning 29% sales growth, as the economy recovered quickly, showed a Mint analysis of 3,137 BSE-listed companies.

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