With most companies reporting tepid numbers in October-December, net profit rose marginally at 0.85% on a y-o-y basis.
This was also on the back of lower tax rate and higher other income, without which the bottomline would have shrunk.
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Net revenue for a sample of 1,503 firms fell nearly 2% as India Inc was unable to push through volumes due to sluggish demand.
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Source: Financial Express
