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KRChoksey Report
The overall top-line and bottom-line of companies across the sectors witnessed a depressed trend on account of the lockdown induced by the Covid-19 pandemic, barring some exceptions including pharmaceutical and consumer sectors.
Low capacity utilisation levels in the beginning of the quarter, improved in May and June, providing some relief for the company financials at the quarter-end.
However, phase-wise lifting of the lockdown is expected to facilitate gradual recovery across sectors in H2 FY21.
Companies managed to contain discretionary costs such as advertising and travel expenses to reduce the impact on profitability.
Subdued raw material cost like energy and commodity prices lent support to profitability to cover impact of revenue decline.
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