India Inc's profits rise 28% in March qtr, banks contribute the most

If one considers net profit after excluding financials, then growth falls to 19.1 per cent, lower than the 21.3 per cent in December

A strong performance by sectors including banking raised the profits of Indian companies by 28 per cent in the three months ended March 2022.

The rate of growth is, however, lower than the 30 per cent seen in December. Growth in net sales was also lower than what was seen in the December quarter for the sample under consideration.

Business Standard looked at a sample of 2,695 companies with comparable results over time.

Deepak Jasani, head of retail research at HDFC Securities, said that top line growth was good in the March quarter, though not as good as the December