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  • Business Today

    PUSH FOR A REBOUND

    Dec 10, 2020 4 minutes
    BY NITI KIRAN
    ILLUSTRATION BY RAJ VERMA

    Corporate India is back with a bang! In signs of economic recovery and indication of businesses returning back to normalcy, listed companies in India posted a combined net profit of ₹1.5 lakh crore during the July-September quarter — an all-time high and up nearly three times from the year-ago period. Excluding the contribution of extraordinary transactions, net profit of these 4,000 companies registered a 38.2 per cent year-on-year (y-o-y) growth after four quarters of double-digit contraction that also included a steep 40 per cent fall in the June quarter due to the nationwide lockdown.

    However, even though profit growth is back after a year, top line still continues to slacken. Year-on-year revenue growth

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