12 companies significantly cut down losses in FY23; time to buy them?
Analysis showed that 12 loss-making companies, including Jet Airways India, PB Fintech, and Paytm parent One 97 Communications, have considerably reduced their losses quarter after quarter. Jet Airways managed to narrow losses to INR55 crore ($7.4m) in Q1 FY23, from INR390 crore in Q1 FY20. Jaiprakash Associates improved its financials after the sale of non-core assets, trimming losses to INR156 crore in Q1FY23. Experts recommend building a long-term portfolio of quality companies with lean balance sheets, capital efficiency and growth longevity, considering sector-specific prospects and global growth.
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