scorecardresearchFrom sales to net profit: This is how companies performed in Sept quarter

From sales to net profit: This is how companies performed in Sept quarter

Updated: 22 Nov 2022, 11:41 AM IST
TL;DR.
Quarterly financial performance shows that net sales rose by 24% in Q2FY23 against 27.4% in Q2FY22. In absolute terms, net sales were up at 25.6 lakh crore in Q2FY23 as against 20.6 lakh crore in Q2FY2. Profitability on the other hand has weakened on account of expenditure increasing at a faster rate than sales. This has resulted in 2.4% increase in gross profits compared with 9.4% increase in Q2FY22.
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How have companies fared in Q2FY23
First Published: 22 Nov 2022, 11:41 AM IST