Business Today

Glimmer Of Hope

The first quarter results have been fairly robust. A revival seems round the corner.

For India Inc., the first quarter of 2018/19 is turning out to be exactly what the doctor ordered. It delivered what every investor had been hoping for years strong signs of an earnings revival. An analysis of 717 listed companies (excluding oil & gas and banking, financial services and insurance companies) whose first quarter data was available with database AceEquity throws up encouraging results. The sample registered year on year revenue growth of 10.8 per cent, the fastest in 16 quarters.

Harendra Kumar, Managing Director, Institutional Equities of Elara Capital, says the strong performance seen thus far in

You're reading a preview, sign up to read more.

More from Business Today

Business Today3 min read
The Tyranny Of Debt
India has a debt problem at every level. The government's official debt to GDP ratio has been rising. If you add the debt it has taken but kept off the balance sheet, the picture gets much worse. A big chunk of the debt now goes into servicing inte
Business Today7 min read
India Could Establish Itself As A Leader For The Region In Energy Storage
US energy storage major AES Corporation recently installed India's first grid scale energy storage unit with Tata Power. Andres Gluski, President and CEO of this Fortune 500 company, talks to Business Today's Anilesh S. Mahajan about the global energ
Business Today3 min read
It's All In The Blood
Most of us do not like the painful needle poke and the tense wait afterwards before our blood tests tell us what has gone wrong. The system was first introduced in the 20th century, but it evolved fast, much like medical science. Now blood tests are