The initial set of results for December 2018 quarter shows a sustained double-digit sales growth but a deceleration in net profit growth.
A common sample of 65 companies that declared results in each of 13 quarters to December 2018 reported 39.5 per cent sales growth, much faster than 15.5 per cent growth in corresponding quarter of previous fiscal.
Net profit grew slower at 8.9 per cent compared with 17 per cent growth by similar comparison.
The sample excludes banks and finance companies.Reliance Industries (RIL), Indias largest company by market capitalisation, contributed 59 per cent to samples sales and 36 per cent to its net profit.
Excluding RIL, sales growth moderated to 20.4 per cent while net profit growth remained more or less same.
The growth rates will change as sample size increases in coming weeks with more companies declaring results.
India Inc is expected to report a single-digit growth in net profit for December quarter amid tepid demand scenario.