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March quarter earnings: how scary is the picture?

Initial numbers indicate things were going downhill even before the shutdown

May 12, 2020 / 11:04 PM IST
March quarter earnings: how scary is the picture?

  The Indian economy had slowed down and corporate earnings were dull even before coronavirus arrived at these shores. As such, there were muted expectations for the March quarter even before the country went into lockdown. We look at the earnings of non-finance companies (with quarterly sales above Rs 100 crore) that have declared March quarter results so far. The picture is scary despite the fact that this quarter felt the lockdown impact for only a week. Note that there are...

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