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India Inc.'s profit growth slows, dragged by input, interest costs.(Financial report)
Byline: Aarati Krishnan
Profit growth for India Inc decelerated sharply in the latest September quarter, the initial set of quarterly results from NSE-listed companies
show.
Profits for the 300 companies (excluding finance and banks), which have so far declared their numbers, expanded by just 13 per cent in July-September 2011 over a year ago.
The same companies did much better in the June quarter, reporting a 24 per cent year-on-year profit growth. Rising interest costs and input prices were the two main reasons for the lower profit growth.
Input pressures remain
Even as sales for these companies increased by 26 per cent, raw …
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