Prof K Nageshwar: Corporate Profits Hit An All Time High (Video)

You can enroll as a voter for MLC elections now if you have not enrolled earlier. https://ceotserms1.telangana.gov.in/MLC/Form18.aspx Corporate profits rose 15 per cent to touch an all-time high in the September quarter as margins widened on softer input costs and better utilisation levels, the research arm of leading rating agency Crisil said on Monday. From an absolute perspective, the earnings before interest, tax, depreciation and amortisation (Ebitda) touched an alltime high `1.60 lakh crore in the September quarter, as against `1.02 lakh crore in the preceding June quarter, it said. It can be noted that the trend of companies profits growing even as the economy contracts as a result of the pandemic has led some watchers to express concern claiming this is illustrative of widening inequalities. Crisil, which analysed a sample of 800 listed entities comprising 85 per cent of NSEs market cap in sectors excluding banking and finance and oil and gas, said improving utilisation levels, along with better management of power, fuel and raw material cost by large companies contributed to the handsome profit growth. Aggregate operating profit margins improved by over one per cent despite a rise in raw material cost during the quarter, it said. https://www.pressreader.com/india/deccan-chronicle/20201222/281943135486504