Auto, finance, FMCG companies log higher profits

Though a broad recovery in India Inc's performance appears to be a few quarters away, revival in certain pockets was visible during the September 2017 quarter. Companies from automobiles, consumer durables, finance, fast-moving consumer goods, metals & mining sectors reported higher cumulative profit; whereas those from capital goods, cement, construction, power and real estate failed to show improvement.

Aggregate net sales of the companies in the benchmark Nifty 50 index grew by 10.5% year-on-year thereby marking the third consecutive quarter of double-digit growth. Net profit rose 14.5% compared with 7.3% growth in the corresponding quarter of the previous year.