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Banks to lead earnings growth in Q4; Nifty50 firms' profit may grow by 23%

Earnings of Nifty50 firms may grow by 23.6% in March quarter despite 10-quarter low revenue growth

Banks to lead earnings growth in Q4; Nifty50 firms’ profit may grow by 23%
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The brokerage said that domestic flows may not be enough to protect India from any global sell-off, especially in large-caps. It added that analysts’ estimates of a sharp earnings bounce-back doesn’t give a true picture of growth concerns

Krishna Kant Mumbai
Brokerages are expecting a sharp uptick in corporate earnings during the January-March 2019 quarter on the basis of a turnaround in commercial banks such as State Bank of India and Axis Bank.

The combined net profit of Nifty 50 companies is expected to grow by 23.6 per cent year-on-year (YoY) during Q4 FY19 against 4.4 per cent growth in the corresponding period a year ago and 7.3 per cent growth in the December 2018 quarter.

The demand slowdown is, however, expected to take a toll on India Inc’s top line growth with brokerages expecting a 9.6 per cent YoY growth

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