Q1FY13: Results Analysis
8/23/2012 9:00 PM Thursday
Over the past few years, we have seen India Inc. swimming against the tide quarter after quarter and emerging victorious by posting a good set of numbers on many occasions. But sometimes, the tide gets just too rough to handle, and every attempt at swimming against it only tires you out without much success. The results for the March 2012 quarter depicted a similar story, and now, the numbers for the quarter that ended June 2012 seem to be echoing a similar story.
While rampant inflation, rising interest costs and weakening IIP numbers have already been playing spoilsport for quite a few quarters now, the situation has only aggravated further with a new irritant entering the scene – a depreciating rupee that has resulted in mounting forex losses posted by some of the major companies. These have only made matters worse for India Inc., whose bottomline seems to be weakening at its knees.
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