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Sharp fall in profitability of India Inc in Q1 a clear sign of slowdown, says Care Ratings

Updated : August 22, 2019 12:11 PM IST

The net sales of the sample companies (2,796 companies) grew at a lower 4.6 percent compared with the 13.5 percent in the comparable quarter last year, said CARE Ratings.
According to the CARE Ratings report, most of the sectors have registered negative growth during the quarter.
22 out of 62 industries have registered a double digit growth in Q1FY20 while 20 industries have registered negative growth in the net sales during the quarter.
Sharp fall in profitability of India Inc in Q1 a clear sign of slowdown, says Care Ratings

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