Quarterly results SEBI's directive on publishing quarterly results has evoked a rather reluctant response from quite a few companies. Sebi has given an option to companies not to publish figures for the corresponding period of the previous year. It is difficult to believe that quarterly figures for the previous year are not available.
Banks demand data for their quarterly information systems.
Companies also have their MIS data. The unaudited half yearly results have to be published within two months after the end of the period and for audited results, within three months. The period for publishing results needs to be shortened. Incidentally, in several sectors it makes little sense to furnish the quarterly results of the first quarter of the previous year. When seasonality is absent in an industry, the figures for the immediately preceding quarter are much more important.