How have companies fared in Q2FY23
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.
First Published: 22 Nov 2022, 11:41 AM IST