Corporate News
Q2 Earnings: Poor demand, tight credit to hit India Inc profits

A combination of low consumer confidence, weak credit flows and anaemic demand is expected to have hurt corporate profits for the three months to September. The profit before tax (PBT) for the BSE-30 companies is estimated to fall by 1.4% y-o-y and that for the Nifty 50 by a sharper 4.4% y-o-y.

News Source:- https://www.financialexpress.com/industry/q2-earning-forecast-poor-demand-tight-credit-to-hit-india-incs-profit/1730125/