Cumulative net profit of Indian companies down 15.7% in Q1

Tue, Aug 22 2017, 04:16 PM

The combined net profit of 2,108 Indian companies declined 15.7% on a year-on-year basis in the April-June quarter, even as their cumulative net sales increased 8.7%. The analysis by Care Ratings attributes this weaker performance to uncertainties around the goods and services tax (GST) that came into effect from July 1