Earnings hits & misses: Top 10 companies which have declared Dec quarter results this week The low base of December 2018 earnings and reduction in corporate tax rate cut may help companies report better numbers on a YoY basis. We expect double-digit earnings growth for most sectors, said Rusmik Oza, Senior VP and Head of Fundamental Research-PCG at Kotak Securities.
Zee Entertainment Ents. released its December quarter results yesterday, missing consensus estimates on all fronts. Revenue was down 5.5% y/y to Rs 2,048 crore. Profit for the quarter declined 38% to Rs 349 crore. Margin deteriorated 720bps to 27.6%.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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