Listed Firms Strengthen Balance Sheet…

Reserves and surplus of listed companies rose 15 per cent between March 2020 and March 2021 as they conserved cash to steer through the uncertainty due to Covid-19 outbreak. This is the highest jump in the last one decade

Another reason for this sharp rise is the low base of March 2020; the quarter had seen a tepid 0.2 per cent growth in reserves and surplus