Mention of Heat Waves at All-Time High in India’s Earnings Calls
- Heat Wave mentions at record high in firms’ earnings calls
- Extreme heat impacting loan collections, retail footfalls
In the next 30 years, the length of heatwaves in India is set to increase 25-fold, according to Group of 20’s Climate Risk Atlas.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India’s sweltering summer is the latest worry for companies already hit by slowing earnings growth and ongoing supply chain disruptions.
The heat wave featured no fewer than 80 times in earnings calls for the quarter ended June — an all-time high — data of Nifty 500 companies compiled by Bloomberg showed. That’s a significant jump from just seven mentions in the year-ago period.