‘Corp sector may clock single-digit profitability’

The corporate sector will clock single digit improvement in profitability in the current financial year as leveraged borrowers are likely to show higher degree of deterioration in earnings, says a report. “Leveraged borrowers are likely to report a higher degree of deterioration in financial performance than non-leveraged borrowers in the next 18 months, restricting the overall improvement in profitability to single digits in the financial year 2016-17,” India Ratings and Research said.