Q1 2020 Analysis

The Covid-19 negative among India Inc are getting singled out!

April-June quarter earnings show several businesses from across sectors such as FMCG, agriculture, pharmaceutical, IT and e-commerce remained unscathed by the business disruption.

Many even managed to grow amid the pandemic.

Data available with Ace Equity showed at least 13 companies doubled their bottom lines in June quarter, a period when much of the country and economic activity were closed to check rapid spread of the virus. They also swelled top lines by up to 231 per cent YoY during this period.

Analysts have since turned bullish on these stocks considering their superlative performance through a difficult period.

Leading this pack of 13 are pharmaceutical player Laurus Laboratories and Deepak Fertilisers & Petrochemicals. The former posted 1,038 per cent YoY profit growth for June quarter on 77 per cent sales expansion; the latter grew profit by 1,014 per cent and sales by 23 per cent.