Demonetisation: Auto, FMCG, realty, telecom companies worst-hit, India Inc Q3 numbers set to disappoint

India Inc is likely to witness declining to flat profitability during the October-December quarter as companies start reporting their earnings for the season from January 13, which will once again underline that the economy is moving in the terrain of low demand and any broad-based recovery is far off the mark. The October-December quarter earnings will also be significant from another point of view – it will reflect the impact the government’s demonetisation measure, which kicked in from the midnight of November 8, has had on various sectors.