Some of the larger companies have started announcing their results for the September quarter, with 10+ firms announcing numbers in the past two days. The Result Analyzer, which tracks these results in one place, shows where the companies are hurting in their quarter numbers. From TCS to breweries to paper firms, earnings before interest, depreciation and taxes are down, as operating margins take a hit. 8/10 companies are seeing operating margin declines in the September quarter of the results declared so far. 

IndusInd Bank was one of the few exceptions to the rule, but investors nonetheless were unhappy, due to the sharp fall in loan growth for the bank to a multi-year low. Share prices consequently fell despite the bank recording a 50% jump in profit YoY for the quarter. For the full result analyzer click here.