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Samples’ total revenue for the June quarter is expected to grow 37.2% year-on-year, according to ETIG estimates. This will be the sixth consecutive quarter for double-digit topline growth. Net profit is likely to grow 43.6% on account of a sharp jump of three times in the year-ago quarter due to a lower base in the June 2020 quarter, which was badly hit by the first Covid wave.
Mumbai: Nifty 50 companies are expected to post double-digit year-on-year growth in total revenue and net profit for the June quarter, led by select players from sectors including auto, banking and finance, IT, and oil and gas. . However, operating profitability may decline amid input cost inflation. Analysts expect corporate performance to be impacted by macroeconomic challenges including cost inflation and a weak rupee in the coming days
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