Taking pole position BFSI’s Auto sectors dominated the Q4 earnings circuit | Company results

Operating margins have been the main driver of corporate earnings in India in recent quarters, despite revenue growth driven by weak consumer demand.

Companies across all sectors have seen a marked improvement in earnings before interest, tax, depreciation and amortization (Ebitda) margins over the past two years, benefiting from lower raw material and energy prices.

Higher margins more than offset slower revenue growth, resulting in double-digit net income growth for five consecutive quarters.

After accounting for exceptional gains and losses, the total net profit of listed companies increased by 11.4% year-on-year (y-o-y) in the fourth quarter (Q4) of 2023-24.

First published: June 17, 2024 | 23:15 IST