India Inc records worst quarter since Covid-19 pandemic, profits shrink 3.1%

Corporate India's profits in Q1 FY25 decreased by 3.1 per cent compared to the previous year, marking the worst first quarter since the pandemic. Net sales for 2,539 companies rose by 5.2 per cent to Rs 22.9 lakh crore. Total expenditure increased by 6.4 per cent, reaching Rs 19.6 lakh crore. Bank of Baroda's report highlighted a net profit of Rs 1.9 lakh crore. Despite challenges, some sectors like consumer durables and healthcare showed promising growth.
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