Economic and financial conditions continue to impact earnings of corporates in Q3 FY23, says BQ Prime

The challenging economic and financial conditions continued to impact the earnings of the corporates in the third quarter of FY23.

Despite an anticipated increase in demand during Q3 due to the festive and holiday season, net sales remained almost unchanged from the previous quarter.

Among sectors, automobiles, IT, power, and capital goods witnessed strong double-digit growth in both sales and profitability.