India Inc Q1 results: Nifty reports slowest revenue growth in 10 quarters, but PAT gives adrenaline rush

India Inc Q1 results: Nifty reports slowest revenue growth in 10 quarters, but PAT gives adrenaline rush

The earnings season for India Inc’s first quarter of FY24 wrapped up this week. Given the high base effect of the previous year’s June quarter, the revenue of Nifty 50 rose by 5% YoY in Q1FY24, representing the slowest growth in ten quarters. On the other hand, the profit after tax (PAT) witnessed significant growth, providing an adrenaline rush to investors.

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