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