How has been the start of Q1FY20?
The earnings session of the first quarter of FY20 has just started and 9 companies from BSE 500 have reported their quarterly numbers. The overall performance of the companies who reported their quarterly numbers are healthy, except few one who delivered lacklustre performances.
The companies like IndusInd and Avenue Supermarts reported a strong set of sales numbers while CCL Product’s net sales dipped 7 per cent YoY. Further, Delta Corp and Hathyway Cable showed flat and marginal growth, respectively.
In terms of net profit, the Hathway Cable managed to turn around its bottom-line to profit from loss in the corresponding quarter of the previous year. Also, HFCL’s net profit doubled to Rs. 89.34 crore in Q1FY20. In addition to these, IndusInd Bank and Avenue Supermarts too delivered stellar bottom-line performance. However, the only firm that reported fall in net profit was CCL product whose PAT decline 12 per cent yoy.
