It’s been a dull earnings season for India Inc with the smaller increase in costs and a jump in other income saving the day. The topline growth has been muted indicating weak demand and the inability of companies to hike prices beyond a point.
Despite expenses having being reined in, operating profit margins (OPM) have seen only a modest expansion. While input costs are down, at 13.4 per cent year-on-year (y-o-y), employee costs have risen by the slowest in at least four quarters.
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