Q4 earnings: IT firms take lead as India Inc turns in good numbers

Corporate India’s profits have surged in the three months to March driven up by strong top line growth and some hefty cost-cutting. Producers of commodities, especially metals like steel, have seen their sales boosted by rising prices and good demand; net sales at Tata Steel jumped 39% year-on-year, nudging Rs 50,000 crore. A big jump in exports and an increase in local realisations of two-wheeler companies have helped increased their sales.

At Bajaj Auto, motorcycle volumes in the export market increased by 24% y-o-y and the mix too improved. Demand in the home market, too, was reasonably strong.