Quarterly results heat map for Nifty firms

Majority of Nifty companies missed analysts' expectations in the June quarter

June quarter sales and profits of most firms that make up the benchmark Nifty 50 index were hit by the transition to the goods and services tax as distributors and retailers stopped stocking goods and liquidated inventory. Twenty seven firms missed analyst's estimates for profit. For the 50 firms as a whole, net profit growth, adjusted for one-time revenues and expenses,fell to a four-quarter low, shrinking 0.84% year-on-year.

Notes: Companies have been classified on the basis of whether they beat or missed analyst estimates.; Ebitda stands for earnings before interest, taxes, depreciation and amortisation; NPA stands for non-performing assets.

Source: Capitaline and Bloomberg