Synopsis
On a sequential basis, revenue and profit growth in the March 2021 quarter is likely to be 17% and 2% respectively compared with 11.4% and 14.3% in the previous quarter.
ET Intelligence Group: The Nifty 50 companies are likely to report a robust aggregate performance for the March 2021 quarter largely on account of lower base in the year-ago quarter when companies undertook provisions and reported losses amid the onset of the pandemic. According to ETIG’s estimates, the sample’s revenue is expected to grow by 20% whereas net profit may more than double. In the year-ago quarter, revenue and profit had fallen by
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