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Cyclical stocks to lead India Inc's earnings growth in fourth quarter

The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago

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The surge in profits is expected to be led by top companies in cyclical sectors such as metals and mining, oil and gas, banks, non-banking financial companies, and cement companies

Krishna Kant Mumbai

5 min read Last Updated : Apr 09 2021 | 6:10 AM IST

Led by a surge in prices of metals and energy and a continued better show by lenders, India Inc is expected to report high double-digit growth in revenue and one of the highest quarterly profits in the fourth quarter of 2020-21.

Year-on-year growth, however, will be amplified by the low base in Q4FY20 due to Covid-19 lockdown.

The country’s top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago.

The earnings are, however, expected to be down around 2 per cent

Topics : Coronavirus India Inc earnings corporate earnings Indian companies metal prices Metal stocks Markets Sensex Nifty market sentiments

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