Corporate Profit Margins Remain Under Check In Q3 FY23: CareEdge Analysis

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .CareEdge Research Report.The challenging economic and financial conditions continued to impact the earnings of the corporates in the third quarter of FY23. Although revenue growth continued in double digits, there was a significant decrease in pace. Despite an anticipated increase in demand during Q3 due to the festive and holiday season, net sales remained almost unchanged from the previous quarter. While there was some relief due to easing input costs, it was partially offset by an increase in interest and employee expenses. As a result, operating profit only experienced marginal growth during the third quarter. On a positive note, both operating profit margin and interest coverage ratio improved sequentially but remained lower than a year ago. Among sectors, automobiles, IT, power, and capital goods witnessed strong double-digit growth in both sales and profitability whereas, crude oil, iron and steel, non-ferrous metals, cement and textile dragged on overall profitability..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Corporate Profit Margins Remain Under Check In Q3 FY23: CareEdge Analysis

Although revenue growth continued in double digits, there was a significant decrease in pace.

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