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A man walks along a wall overlooking the central Mumbai's financial district skyline.   © Reuters
Business

One country's slump isn't ruining the Asia300 profit party

Indian earnings are on the rise, and Southeast Asian majors are going strong

KENJI KAWASE, Nikkei deputy editor | China

HONG KONG -- The Asia300 -- Nikkei's curated selection of listed corporate standouts from across the region, excluding Japan -- took another knock last year, when its members' combined net profit suffered its first back-to-back decline in two decades. But remove Chinese companies from the equation and a decidedly more upbeat picture emerges.

A prime example is India, whose companies are in the midst of announcing their earnings for the year ended in March. Including market-consensus figures compiled by QUICK-FactSet, profit for the period at Indian companies in the Asia300 likely grew 18% on the year. Compare that to the 10% fall seen for the Chinese constituents.

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