Corporate earnings hit 6-quarter low in Q4

Earnings of Indian companies fell to six quarter low in the three months ended 31 March 2019, underscoring subdued private consumption as households face an uncertain economic outlook, reports Mint's Nasrin Sultana. A Mint analysis of 1,619 listed companies showed that aggregate profit growth, after adjusting for one-time gains or losses, declined 0.7% in the March quarter from a year earlier. Profit for the same set of companies grew at 7.61% in the preceding quarter.