Corp profits got cost-cutting boost in FY24: RBI report
Corporate profits increased by 15.3% in FY24 due to cost rationalisation despite a sales growth of 5.5%. The services sector outshone manufacturing in both sales and profit growth. Additionally, both sectors reported an increase in operating profits and improved profit margins.
Corporate profits increased by 15.3% in FY24 due to cost rationalisation despite a sales growth of 5.5%. The services sector outshone manufacturing in both sales and profit growth. Additionally, both sectors reported an increase in operating profits and improved profit margins.
