Corporate worry lines

Corporate India's scorecard for the latest March-ended quarter has little to offer by way of cheer, with profits after tax for the 3000-odd companies to have declared results so far falling more than 13 per cent over the previous year. That shouldn't really surprise, given a weak rupee, which has pushed up costs of imported inputs, and very little moderation in interest payouts, despite the Reserve Bank of India (RBI) initiating a cut in its policy rates.

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