Twenty-two per cent increase in the profits of corporate tax-deductible companies

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New delhi date. November 15, 2019, Friday

Indian companies' profits have increased by 5% in the September quarter's results after the government cut corporate tax cuts.

According to corporate analysts, the corporate world has seen a sense of relief after the reduction of corporation tax and its impact on their results.

The net profit of the companies has increased by 5.5% in the current September quarter results season. Bank and Fi. Regardless of the service sector, the profitability of the companies has increased by 8.5%.

However, due to the pressure on demand, high base effect and slowing down of inventory during the proposed period, the company's revenue declined by a remarkable 5.5 percent.

Given the various economic figures and macroeconomic conditions announced in the recent past, revenue growth is unlikely to increase even in the next quarter.

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