India Inc produces worst results in five quarters

Until last Saturday, 399 listed companies from across manufacturing, as well as banking and finance, reported results for the first quarter of this financial year (2013-14). The numbers suggest that India Inc is still struggling for growth momentum and may, in fact, have lost some ground. The total operating income of the sample was Rs 3.88 lakh crore. Sales have grown by four per cent over April-June 2012, while profit after tax has grown by five per cent - the lowest growth rates in the past five quarters.

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