6.24What are quarterly results?
1What is it?
Listed companies in India must publish financial results every quarter (3 months), within 45 days of quarter end (60 days for the year-end quarter).
2Why does it exist?
Quarterly results let investors track performance regularly. Markets react strongly to them.
3Stock market example
India’s financial year runs April to March. Q1 = Apr–Jun, Q2 = Jul–Sep, Q3 = Oct–Dec, Q4 = Jan–Mar. Compare a quarter with the same quarter last year (YoY) to avoid seasonal effects, and with the previous quarter (QoQ).
4Quick revision
- Results every quarter.
- Indian FY: April–March.
- Compare YoY for seasonality.
5Knowledge check
Q1. Which months are Q3 of the Indian financial year?Show answer
October to December.
Q2. What is YoY?Show answer
Year-on-year: compared with the same period last year.
Q3. Why compare YoY rather than QoQ?Show answer
To remove seasonal effects.